Shiba

Bitcoin ETF

Toncoin

Shiba Inu

Gains

<img width="1536" height="864" src="https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2.jpg 1536w, https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/03/Crypto-Market-Cap-Levels-1536x864-2-150x84.jpg 150w" sizes="(max-width: 1536px) 100vw, 1536px">
The cryptocurrency market frenzy shows an upturn in asset prices and decentralized (DeFi) numbers with Shiba Inu and Toncoin leading monthly gains. This week, the overall market cap pierced through $2.7 trillion although daily corrections pushed numbers down.&nbsp; 
Among the top 20 cryptocurrencies by market capitalization, Shiba Inu (SHIB) and Toncoin (TON) remain lead monthly gains above 100% following huge year-to-date (YTD) highs. Institutional inflows continue to trickle into the market after the approval of Bitcoin spot Bitcoin ETF creating a new investment window for traditional players.&nbsp; 
Shiba Inu has urged 220% in the last 30 days with weekly gains of 17.2% while Toncoin soared 135% and weekly gains of 133.25%. Both assets saw liquidations over the past trading day with 2.03% and 3.88% respectively. Despite this, analysts opine new positive runs for the asset based on inflows in the market.&nbsp; 
<img decoding="async" class="aligncenter size-full wp-image-188328" src="https://coingape.com/wp-content/uploads/2024/03/SHIB_1D_graph_coinmarketcap-1.jpg" alt="" width="630" height="380" srcset="https://coingape.com/wp-content/uploads/2024/03/SHIB_1D_graph_coinmarketcap-1.jpg 630w, https://coingape.com/wp-content/uploads/2024/03/SHIB_1D_graph_coinmarketcap-1-300x181.jpg 300w, https://coingape.com/wp-content/uploads/2024/03/SHIB_1D_graph_coinmarketcap-1-150x90.jpg 150w" sizes="(max-width: 630px) 100vw, 630px"> 
<h2 id="strong-shiba-inu-and-memecoin-rally-strong">Shiba Inu and Memecoin Rally&nbsp;</h2> 
<a href="https://coingape.com/markets/shiba-inu-coin-shib-price-as-key-technical-indicator-tips-off-45-move/" target="_blank" rel="noopener">SHIB bulls</a> relish in the forward run on the back of a memecoin frenzy last week. The memecoin market surged 15% with users looking to make profits and taking their assets to new highs. Memecoins see huge growth when investor sentiment increases and declines with market liquidations.&nbsp; 
Dogecoin has shown similar strength this week soaring 40.8% in the last seven days. The asset is up 5.4% in the past trading day as it leads memecoin charts by market capitalization.&nbsp; 
<h2 id="strong-vitalik-buterin-lauds-shib-strong">Vitalik Buterin Lauds SHIB</h2> 
Shiba Inu remains a trending memecoin after&nbsp; Ethereum’s co-founder Vitalik Buterin hailed the progress of the token as it outperformed expectations.&nbsp; 
<blockquote>
 “It’s the same situation as with crypto relief: I quickly sent a pile of SHIB, thinking it would surely drop 100x in a few days so I had to act fast, and expecting they would be able to cash out at most like $10-25m.&nbsp; But of course, SHIB massively outperformed my expectations…”&nbsp;
</blockquote> 
Meanwhile, a member of the Shiba Inu <a href="https://coingape.com/shiba-inu-shib-jumps-9-36-despite-scam-alert-buzz/" target="_blank" rel="noopener">community</a> warned users to be careful of links that offer a reward on social media spaces with the increasing rate of scams. Crypto phishing scams have increased since 2022 leading to millions in losses.&nbsp; 
In a recent development, <a href="https://coingape.com/21shares-introduces-toncoin-etp-will-this-trigger-ton-rally/" target="_blank" rel="noopener">21Shares</a> has launched a staking ETP on Toncoin and will reinvest staked yields to the product. 
Read Also: <a href="https://coingape.com/trending/dogwifhat-vs-bonk-which-meme-coin-you-should-invest-in/" target="_blank" rel="noopener">dogwifhat vs. BONK: Which Meme Coin You Should Invest In?</a> 
The post <a href="https://coingape.com/trending/toncoin-and-shiba-inu-lead-top-20-crypto-monthly-gains/">Toncoin and Shiba Inu Lead Top 20 Crypto Monthly Gains</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Toncoin and Shiba Inu Lead Top 20 Crypto Monthly Gains

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