CoinGecko recently released the results of its study on meme coins and their price returns. The study showed that Shiba Inu (SHIB) had the highest gains of 8,424,202.3%, making it the most successful meme coin. Shiba Inu is currently one of the top three meme coins and has been one of the most popular in the United States and India. With its immense popularity, comes an increased demand that might have a positive impact on its pricing.

At the time of writing, SHIB was down by 1.43% in the last 24 hours, and 88% down from its all-time high of $0.000086 attained in October 2021. To give SHIB holders an extra edge, Shiba Inu-focused loan service, CoinRabbit, has launched a special page with loans available to BONE holders.

The study also found that the initial investment required to reach $1 million with each meme coin was quite different. Shiba Inu just needed an investment of $12, while Dogecoin required an investment of $820 and Wojak required an investment of $175,330.

Overall, there is no doubt about the success of Shiba Inu and its ability to overcome the competition, setting a new standard for meme coins. As of now, the total market cap of SHIB stands at roughly $10 billion. With the right investments, SHIB can be an attractive asset for investors. Also, with its growing popularity and the launch of dedicated Shiba Inu loans, we can expect positive developments in terms of price and market capitalization of SHIB.



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