CandleFocus SHIB Leaves AVAX Behind, Is ADA Next?
2024-10-29
Author: Content Editor
Summary: The cryptocurrency Shiba Inu (SHIB) has seen an 11% price increase and a 9.3% increase in its market capitalization value, now standing at $11.02 billion. SHIB has surpassed Avalanche (AVAX) in terms of market capitalization and now occupies the 12th spot on CoinMarketCap. The SHIB community has experienced a significant increase in the burn rate of SHIB tokens, with 51,841,966 tokens transferred to unspendable wallets in the last 24 hours. The official marketing lead of SHIB reminds the community that meme cryptocurrencies should be treated as entertainment and not serious investments.
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