Shiba Inu Soars Ahead of Competitors: Performance Analysis

While the cryptocurrency market overall witnessed a decline in value over the past 24 hours, meme coins are showing some notable fluctuations. Shiba Inu (SHIB), ranked second in terms of meme coin market capitalization, is emerging as the top performer during this period. SHIB’s price surged by 2.7%, reaching $0.00001221, with its market cap surpassing $7 billion. This surge has propelled Shiba Inu to rank as the 19th biggest cryptocurrency by market capitalization.