The meme-inspired cryptocurrency Shiba Inu (SHIB) briefly entered the top 10 largest cryptocurrencies by market capitalization but quickly fell back after a price correction. SHIB's price surged by more than 81% in the past nine days, reaching a high of $0.00003 and a market capitalization of $17.4 billion. However, it was surpassed by Tron (TRX) due to the correction in SHIB's price. Whether SHIB can regain its position is uncertain, as it still needs to cool off and surpass previous highs by a significant margin. To reach its historical high of $0.000088, SHIB would need to increase by another 260%.



Other News from Today