|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
SHIB Soars 42.51% in Light of New ATH, Featured by Grayscale as Top Winner
Sep 28, 2024 at 04:42 pm
The pseudonymous social media marketing lead of the SHIB team known to the community as Lucie has boasted another milestone reached by Shiba Inu.
Shiba Inu ($SHIB) has been featured by fund management giant Grayscale in its weekly report, where it was revealed that SHIB greatly outpaced not only Dogecoin ($DOGE) and Cardano ($ADA), but such giants as Bitcoin ($BTC) and Ethereum ($ETH) in terms of weekly gains.
This report published by Grayscale in a recent tweet was shared by Lucie on her X page. She commented, saying “SHIB leading the pack” and added that this is “NOT EVEN THE BEGINNING.”
The reported is called “1 Week Returns for Top 10 Crypto Assets.” According to it, in terms of weekly profits, SHIB has surpassed Cardano, Dogecoin, Solana ($SOL), Ethereum, Binance Coin ($BNB), Bitcoin as well as Toncoin ($TON), Tron ($TRX) and XRP ($XRP).
SHIB’s gains totaled 32.1% compared to those of the other large-cap coins on the list. ADA and DOGE come closest to SHIB with 14.5% and 12.4% weekly gains. ETH showed profits of 6.7%, while BTC demonstrated 3.4% gains.
The SHIB community responded with comments full of excitement and pride over their favorite meme cryptocurrency.
One of the drivers that certainly contributed to SHIB’s massive increase this week was the announcement about Shiba Inu total value locked (TVL) reaching a new all-time high — $3.64 million in just one week after Shibarium’s strategic partner K9 Finance launched its Bonecrusher app on Shibarium and introduced a solution for liquid staking.
Since Thursday, the second largest canine-themed cryptocurrency Shiba Inu has skyrocketed by a whopping 42.51%, burning one zero from its price and surging from $0.00001501 to the $0.00002139 level earlier today.
However, after that it was pushed down by almost 9%, and currently SHIB is trading at $0.00001951.
In a tweet, Shiba Inu’s Lucie commented on this TVL historic peak, saying that SHIB is much more than “just your trend of the week.” She stated that this price surge took place because “behind Shib is a massive ecosystem in development, with consistent support from dedicated developers.”
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- The Royal Mint reveals its top ten rarest 50 pence coins currently in circulation
- Sep 28, 2024 at 06:25 pm
- The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas.
-
- BlackRock (IBIT) Bitcoin ETF (BTC) Leads the Spot Bitcoin ETF Market
- Sep 28, 2024 at 06:25 pm
- BlackRock (IBIT) Bitcoin ETF (BTC) is at the forefront of the spot BTC ETF market. It boasts cumulative net inflows reaching $21.42 billion as of September 27.
-
- Blum Crypto Offers Daily Opportunities for Telegram Users to Engage and Earn Rewards
- Sep 28, 2024 at 06:25 pm
- This guide provides all the details you need to participate effectively, from securing your crypto assets to exploring new features within the app.
-
- FTX's $16B Repayment To Crypto Traders Could Trigger Massive Buying Pressure
- Sep 28, 2024 at 06:25 pm
- The District of Delaware's Chapter 11 decision on October 7 is key for repayments. Reinvestment of FTX funds into Bitcoin and Altcoin may drive market growth.
-
- As the presale progresses, it is anticipated that Rollblock will surge over 800% in Q4. Here’s why analysts are bullish.
- Sep 28, 2024 at 06:25 pm
- Vast Entertainment Options Set Rollblock Apart In A $465B Competitive Industry
-
- Hamster Kombat (HMSTR) Game Launches Airdrop and Debuts on Major Crypto Exchanges
- Sep 28, 2024 at 06:25 pm
- Telegram game Hamster Kombat has finally launched its long-awaited airdrop and started its debut on major crypto exchanges on Thursday.
-
- Mega Dice Presale Surges In FOMO Frenzy – Next Rollbit Coin?
- Sep 28, 2024 at 06:25 pm
- As the presale draws to a close, investors are making last-minute efforts to secure their $DICE tokens.
-
- Hamster Kombat (HMSTR) Price Prediction: HMSTR Aims For A Rebound
- Sep 28, 2024 at 06:25 pm
- The Hamster Kombat price surged 4% in the last 24 hours to trade at $0.006735 as of 10:44 p.m. EST on trading volume that plunged 67% to $344 million.
-
- Cheems: A New Meme Token Based on the Shiba Inu Doge Meme Figure
- Sep 28, 2024 at 06:25 pm
- As time progresses and innovation advances inside of the world of cryptocurrencies there is a new contender that's beginning to gain popularity and attract investors and meme makers.