#SHIBarmy Rally Bulls, pushing the Shiba Inu coin to the top 10 list; Is the era of Dogecoin over?
In an incredible surge, the Shiba Inu coin is looking for a place among the top ten cryptocurrencies.
Retail investors in the #SHIBarmy have fueled a 125% increase in the meme coin over the past seven days.
In terms of market valuation, it is around $ 7 billion behind its predecessor, dogecoin.
The Shiba Inu coin is fast becoming one of the top ten cryptocurrencies, thanks to an army of retail traders pushing the token to unprecedented levels.
The hashtag #SHIBarmy trended on Twitter as supporters of the coin praised it for closing the gap with dogecoin as the tenth largest cryptocurrency by market cap.
With over 9,000 tweets, the #SHIBDELETEAZERO hashtag is trending on Twitter.
âWe are one step away from taking over! “The Shiba Boy” wrote, echoing similar views expressed by other members of the “SHIB Army”.
According to CoinMarketCap data, the cryptocurrency named after the famous dog breed, has gained 125.35% in the past seven days.
The cryptocurrency jumped 42% to $ 0.00006291 at 10:24 a.m. in New York City on Wednesday, October 27, the most recent day of the rally.
The increase put the coin a striking distance from the token that inspired it, dogecoin, which is currently ranked 10th with a market cap of around $ 31 billion.
According to the data, the Shiba Inu coin is around $ 7 billion from that.
Thousands of retail traders have asked Robinhood to add Shiba Inu trading to their crypto platform, which has sparked excitement among investors.
During Robinhood’s third quarter earnings call, CEO Vlad Tenev told investors the company is comfortable with the coins currently on offer and is waiting for more regulatory clarity.
Also Read: Dogecoin Price Prediction: Analysts Expect Massive Rise Amid Large Scale Doge Adoption
You can use crypto to buy regular goods and services, although many people invest in cryptocurrencies as they would other assets, like stocks or precious metals.
Although cryptocurrency is a new and exciting asset class, buying it can be risky as you have to do a lot of research to fully understand how each system works.
Cryptocurrency is a decentralized digital currency, based on blockchain technology.
You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are over 5,000 different cryptocurrencies in circulation.
There is a range of large cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, which makes it difficult to get started in the crypto world.
These are the top 10 cryptocurrencies by market cap, or the total value of all coins currently in circulation, to help you see yourself as being watched in real time by the Parts market.
Bitcoin (BTC) market capitalization: Over $ 1.1 trillion
Ethereum (ETH) market capitalization: over $ 470 billion
Binance Coin (BNB) market capitalization: over $ 75 billion
Tether (USDT) Market Cap: Over $ 69 Billion
Cardano market capitalization (ADA): over $ 65 billion
Solana market capitalization (SOL): over $ 57 billion
XRP Market Cap (XRP): Over $ 47 billion
Dot market capitalization (DOT): over $ 40 billion
USD Coins Market Cap (USDC): Over $ 32.4 Billion
Dogecoin Market Cap (DOGE): Over $ 32.2 Billion
Shiba Inu (SHIB) market capitalization: over 26 billion