TL;DR
- Shiba Inu (SHIB) has surpassed Bitcoin Cash (BCH) in market capitalization, ranking as the 18th largest cryptocurrency with nearly $5 billion in value.
- SHIB experienced a price rally, increasing around 5% in 24 hours and 12% over two weeks, outperforming major cryptocurrencies like BTC and ETH, which have shown more stability in their price movements.
- The SHIB surge is potentially influenced by the development of Shibarium, a layer-2 solution aimed at reducing transaction fees and increasing speed for the Shiba Inu network, which has recently exceeded 1.5 million blocks.
Shiba Inu’s Recent Push
The popular meme coin and the second-biggest by market capitalization in its realm – Shiba Inu – made the headlines again by surpassing Bitcoin Cash in terms of market capitalization. Currently, SHIB is the 18th largest cryptocurrency with a market cap of almost $5 billion, whereas BCH is following closely at the 19th spot.
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