Shiba

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Shiba Inu

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Shiba Inu (SHIB), the cryptocurrency that started as a meme, has ascended to become the fourth most traded cryptocurrency in the global market, according to CoinGecko <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">data</a>.
This achievement marks a significant milestone for SHIB as it continues to gain traction among investors and traders alike.
Notably, SHIB/USDT has become the second most-traded cryptocurrency pair on Binance, trailing only behind the heavyweight BTC/USDT pair.
The red-hot meme coin has staged a massive comeback, surging by a whopping 111% over the past seven days alone, according to data provided by CoinGecko.
<h2 id="top-coins-by-trading-volume">Top coins by trading volume</h2>
The current trading volume leaderboard sees Tether (USDT) maintaining its position at the top, with a staggering $52.8 billion in trades. Despite its various controversies, it remains the preferred stablecoin for cryptocurrency traders with a massive market capitalization of roughly $100 billion.
Bitcoin (BTC) and Ethereum (ETH) follow, with $22.1 billion and $12.7 billion in trading volume, respectively.
Shiba Inu's (SHIB) trading volume has reached $5.7 billion, a testament to its rising popularity and investor interest.
It has managed to outpace other notable cryptocurrencies such as USDC, Bitcoin Cash (BCH), Dogecoin (DOGE) and Solana (SOL).
<h2 id="talk-of-the-town">Talk of the town</h2>
Social media buzz around <a href="https://u.today/shiba-inu-triggers-1104-in-inflows-as-shib-price-hits-two-year-high" rel="noopener noreferrer nofollow">Shiba Inu</a> has reached unprecedented levels, according to data from LunarCrush. Over the last month, social interactions concerning SHIB have skyrocketed by over 1,520.6%, propelled by what has been dubbed as "meme season."
However, amid this wave of enthusiasm, it is essential to note that SHIB is still down 76% from its <a href="https://www.coingecko.com/en/highlights/all-time-high-crypto" rel="noopener noreferrer nofollow">all-time high</a>.
The popular meme cryptocurrency reached its current all-time high in late October 2021.

Shiba Inu (SHIB) Becomes Fourth Most Traded Cryptocurrency

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