Shiba

Kusama

Solana

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Shiba Inu's dominance on the crypto market has been thrust into the spotlight as the self-styled&nbsp;<a href="https://x.com/ShytoshiKusama/status/1764819737660252542?s=20">Shytoshi Kusama</a>, lead figure behind the Shiba Inu token, took to social media to declare SHIB's unprecedented trading volume triumph over industry heavyweights XRP and Solana.
According to&nbsp;<a href="https://coinmarketcap.com/">CoinMarketCap</a> data, Shiba Inu surged ahead with a staggering $13.5 billion trading volume in the last 24 hours. This figure significantly eclipsed the combined trading volumes of XRP, BNB and&nbsp;<a href="https://u.today/solana-trader-makes-over-4-million-with-dogwifhat-wif-details">Solana</a>, which totaled approximately $12 billion during the same period.
<blockquote>
 TODAY <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw">#SHIB</a> has more volume today than Bnb, Solana, and XRP COMBINED... by over a BILLION DOLLARS. <a href="https://t.co/YJVxs6z90m">pic.twitter.com/YJVxs6z90m</a>— Shytoshi Kusama™ (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1764819737660252542?ref_src=twsrc%5Etfw">March 5, 2024</a>
</blockquote> 
The meteoric rise of SHIB's trading volume, marking a remarkable 237% increase, has propelled the meme-inspired cryptocurrency to the forefront of the market. Currently occupying the fifth position among all cryptocurrencies in terms of trading volume, SHIB's ascent is further underscored by its jaw-dropping 380% surge in price over the past week.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="bb71690a-0e80-46e3-8ab5-a0f1e91fd684" src="https://u.today/sites/default/files/inline-images/shib_211.png">Source: <a href="https://coinmarketcap.com/">CoinMarketCap</a>
While SHIB basks in its momentous achievement, questions linger over its ability to sustain this newfound dominance. Unlike established tokens like BNB, Solana and&nbsp;<a href="https://u.today/xrp-attracts-massive-25-million-inflows-in-bullish-crypto-market">XRP</a>, which regularly command billions in trading volumes, SHIB's current position is rather uncharted territory. The challenge now lies in whether&nbsp;<a href="https://u.today/dogecoin-doge-overtakes-cardano-ada-is-shiba-inu-shib-next">SHIB</a> can maintain its momentum and solidify its standing on the fiercely competitive crypto landscape.
As SHIB continues to captivate investors with its remarkable performance, all eyes remain firmly fixed on its future trajectory and whether it can uphold its position amid the evolving dynamics of the crypto market.

SHIB v. XRP? Shiba Inu Lead Shytoshi Declares SHIB Dominance

U_Today

Other articles published on Mar 5, 2024

SEC Delays Decision on BlackRock’s Ethereum ETF Proposal, Raises Questions on Market Manipulation...

Nexo DWTC Secures Initial Approval from Dubai’s VARA for Virtual Asset Operations

Sweat Economy (SWEAT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin Cash Price Prediction for Today, March 5 – BCH Technical Analysis

Red Dead Redemption 2 Actor Says AI Will “Unavoidably” Replace Some Game Actors

Crypto Update: BTC US$68.800, SOL Merangkak 26 Persen dan Furrever Token (FURR) Siap Melayang

Join our free newsletter for daily crypto updates!