Crypto Voice News | Shiba Inu Trading Volume Ranks 4th Excluding Robinhood, Surpasses DOGE, XRP and ADA

Shiba Inu Trading Volume Ranks 4th Excluding Robinhood, Surpasses DOGE, XRP and ADA
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A close study reveals that the global trading volume of Shiba Inu (SHIB) has surpassed most major altcoins, including Dogecoin, XRP, and Cardano.

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Shiba Inu is one of the best performing altcoins in recent weeks. The meme-inspired cryptocurrency broke into the top ten cryptocurrencies by market cap and briefly threatened to overtake Dogecoin.
However, comparison of Shiba Inu's trading volume with other cryptocurrencies is data that is often overlooked. Shiba Inu is one of the most traded cryptocurrencies, especially during periods of peak market performance.
The latest market data on CoinMarketCap also supports this stance; Shiba Inu's trading volume appears to be $5.5 billion. This volume places Shiba Inu just behind BTC, ETH, and SOL in the rankings, excluding stablecoins.
Looking more closely at the data, SOL's trading volume recently rose to $138, and Shiba Inu's volume is still close to the altcoin despite losing 14% in the last 24 hours.
Meanwhile, Shiba Inu's trading activity is far superior to other major altcoins that rank above it in terms of market cap. Binance Coin (BNB), XRP, Cardano (ADA) and Dogecoin (DOGE) follow SHIB in terms of volume.
Robinhood Trading Activity Could Further Boost Shiba Inu Numbers,
In reality, Shiba Inu's actual volume may actually be higher because CoinMarketCap's data excludes popular trading platform Robinhood. Shiba Inu (SHIB) is the third largest cryptocurrency held by Robinhood's 22 million users.
The platform has also been carrying a significant amount of SHIB recently, indicating a significant amount of trading activity on the platform. Considering the platform's trading volume, it can be seen that Shiba Inu's numbers surpass Solana and perhaps even approach ETH.
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Disclaimer, The information provided in this video is not investment advice.
financial advice is not trading advice, it is for informational purposes only,
You should not consider any of the video content as investment advice.
Please seek advice from your financial advisor before making any investment decisions.

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