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🚀 Shiba Inu (SHIB) rallied, leaving major cryptocurrencies behind in terms of transaction volume and showing investor interest.
📈 The increase in SHIB and other meme coins shows that profitability and attractiveness in the sector is increasing.
- Shiba Inu (SHIB) price continues its rally, increasing by 7% in the last hour and 15% on a 24-hour scale. Its market capitalization has surpassed $18.5 billion for the first time since mid-March.
- Shiba Inu transaction volume produced in the last 24 hours has also increased. According to CoinGecko data, this figure exceeded $2.3 billion, leaving Ripple (XRP) at $2.1 billion and Cardano (ADA) at $630 million.
- Other SHIB-related metrics such as daily transactions on Shibarium (up over 400,000) and total daily volume (up 220 percent) also exploded today (March 26).
- Shiba Inu isn't the only meme coin that's increasing in value. Popular Solana-based tokens such as Dogwifhat (WIF) and Bonk Inu (BONK) are also on the rise.
- All these assets have offered investors the opportunity to make significant profits, thanks to the impressive price increases experienced recently.
- For example, a SHIB investor turned $2,500 into more than $1.5 million, while a WIF investor earned over $5 million with an initial investment of just $310. It is not known whether these people actually converted the assets they held into cash.