Shiba Inu (SHIB) Surpasses Tron (TRX) Amid a Blistering Rally

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Tue, 06/21/2022 - 20:13

Alex Dovbnya

Shiba Inu (SHIB) is back above Tron (TRX) after a sudden 44% price spike

Shiba Inu (SHIB) Surpasses Tron (TRX) Amid a Blistering Rally

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The price of meme coin Shiba Inu (SHIB) has soared by nearly 44% over the past 24 hours, according to data provided by CoinMarketCap.

The popular canine coin has now climbed to the 13th spot by market capitalization, surpassing Tron (TRX).

Shiba Inu is now close to catching up with Dai (DAI), a popular decentralized stablecoin that has seen a resurgence following the collapse of rival TerraUSD in early May.

DeFi May Pose "Real Threat" to Financial Stability, Says ECB's Christine Lagarde

SHIB touched $0.000012 earlier today on the Binance exchange, reaching its highest level since late May.

Yet, the meme coin is still down 67.48% since the start of the year despite growing adoption.

As reported by U.Today, the canine cryptocurrency started trading on the Bitstamp exchange earlier this month.

#Shiba Inu (SHIB) News #TRON News

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.