Shiba

Cardano

Dogecoin

Shiba Inu

Coin

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In a whirlwind week for the crypto market, the ascent of meme-inspired tokens has taken center stage, with&nbsp;<a href="https://u.today/shiba-inu-shib-skyrockets-540-in-key-on-chain-whale-stat" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> leading the charge. Amid crazy trading activity, SHIB has emerged as the new contender, surpassing Cardano (ADA) in&nbsp;<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">trading volume</a>.
The surge in popularity of meme coins such as Dogecoin (DOGE), SHIB and&nbsp;<a href="https://u.today/pepe-pepe-price-surges-by-60-as-whales-are-surprisingly-buying-meme-again" rel="noopener noreferrer nofollow">Pepe Coin (PEPE)</a> has sparked a remarkable rally, propelling these digital assets to unprecedented heights. SHIB, in particular, has seen remarkable growth, with trading volumes soaring to dizzying heights.&nbsp;
In a surprising turn of events, SHIB has outpaced&nbsp;<a href="https://u.today/cardano-price-soars-25-in-best-february-since-2021-but-even-hotter-march-is-coming" rel="noopener noreferrer nofollow">ADA</a>, a stalwart in the crypto sphere, in terms of trading volume, despite its lower ranking in the list of largest cryptocurrencies.
Over the past 24 hours, SHIB's trading volume skyrocketed to a staggering $923 million, eclipsing ADA's volume of $680 million. This significant milestone underscores the growing influence of meme coins in the digital asset landscape. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8e72af2a-e3dd-4c23-b2b5-74fdbc6c8b8e" src="https://u.today/sites/default/files/inline-images/shibprice_1.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Notably, SHIB has experienced a remarkable uptick in both trading activity and price appreciation. With a staggering 139% increase in trading volume and an 11% surge in price, SHIB has reached its highest valuation since December 2023, commanding attention and investor interest alike.
<h2 dir="ltr" id="meme-coin-mania">Meme coin mania</h2>
The broader&nbsp;<a href="https://u.today/should-we-wait-for-bitcoin-btc-at-60000-ethereum-eth-secures-way-to-3500-dogecoin-doge-at-pivotal" rel="noopener noreferrer nofollow">meme cryptocurrency</a> sector has also witnessed a remarkable uptrend, with its total market capitalization surging by 8% to reach $26.7 billion. Trading volumes for these digital assets have surged by 90%, underscoring the fervent investor appetite for meme-inspired tokens. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0f059d1f-d226-4a4a-9893-716c8133966b" src="https://u.today/sites/default/files/inline-images/memecoins.png">Source: <a href="https://coinmarketcap.com/view/memes/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
As meme coins continue to captivate the imagination of investors, SHIB's ascent to surpass ADA in trading volumes marks a significant milestone in the ongoing meme coin mania, signaling what may be a paradigm shift in the crypto landscape.

Shiba Inu (SHIB) Takes Over Cardano in Volume Amid Meme Coin Mania

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