Shiba Inu’s daily trading volume has eclipsed $5 billion
Shiba Inu (SHIB) has stunned the cryptocurrency community with its stellar really, soaring more than 70% within a single day.
SHIB, which was created as a Dogecoin offshoot, has managed to significantly outperform the original canine cryptocurrency, which is currently up 10% over the last 24 hours.
Shiba Inu has recorded a huge increase in its daily trading volume, which skyrocketed to $5.9 billion, according to coin ranking site CoinMarketCap.
The impressive figure makes it the fifth most-traded cryptocurrency (behind only Tether, Bitcoin, Ethereum, and the Binance USD stablecoin).
As reported by U.Today, the cryptocurrency started trading on the Coinbase exchange in mid-September.
Shiba Inu is still down 64% from its May 10 all-time high of $0.00003791.
Original Source :u.today
Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.
If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you