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SHIB, XRP Are Top Trending Cryptos Now in Light of Bullish News

Sat, 08/12/2023 - 11:30
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Yuri Molchan
Meme coins and XRP trending on CoinMarketCap website as bullish sentiment for them increases
SHIB, XRP Are Top Trending Cryptos Now in Light of Bullish News
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Popular cryptocurrency website CoinMarketCap shows that at the moment two meme coins — Shiba Inu (SHIB), Pepe (PEPE) — and Ripple-affiliated XRP are occupying the top three positions on the list of trending crypto.

On Friday evening, Shiba Inu surprised the market with a major increase in its market capitalization value, which jumped above the $6.3 billion level, taking this popular canine-themed digital currency to the 11th position on the aforementioned website.

Image via CoinMarketCap

The price increase of Shiba Inu within the span of the past 24 hours has constituted more than 13% with a 3% decrease by now. Still, SHIB has jumped up the list of crypto leaders and removed one zero from its price.

At the time of writing this article, it is changing hands at $0.00001087 on the Binance exchange. This massive overnight surge can be explained by a sudden increase in traders' interest in the meme crypto SHIB ahead of the upcoming launch of the Layer-2 blockchain Shibarium on mainnet, which is expected next week.

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PEPE meme coin has also demonstrated a substantial rise of more than 9% over the span of the past 24 hours.

After the recent victory of Ripple in court against the SEC, the Ripple community started showing a lot more enthusiasm than before. XRP began to be relisted on major exchanges, such as Coinbase, Binance US and now Gemini too.

Besides, Gemini has announced a 4,000 XRP giveaway to its users.

When announcing the XRP listing, Tyler Winklevoss, one of the Gemini founders, tweeted that he and his twin brother Cameron decided to oppose the SEC since rather than making clear rules for regulating the crypto industry, Gary Gensler prefers to sue crypto companies and exchanges.

"It lost its case against Ripple and a judge provided clarity when Gary Gensler wouldn't. America deserves better," Winklevoss added.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at