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Shiba Inu Market Capitalization Surges to Over $4.4 Billion, Potential Impact on Price Explored

Shiba Inu (SHIB) has achieved a market capitalization of over $4.4 billion, making it the 18th largest cryptocurrency. In the past month, SHIB's market cap has increased by approximately half a billion dollars, indicating rising investor confidence.

An improved market capitalization can lead to increased demand and liquidity for SHIB, potentially driving its price higher, but market dynamics and news events can still cause price fluctuations. As of writing, SHIB is priced at $0.00000746, experiencing a slight decline in the past 24 hours and week.

Shiba Inu $0.00

+2.35%

Shiba Inu Cryptocurrency

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Shiba Inu Market Capitalization Surges to Over $4.4 Billion, Potential Impact on Price Explored

All Comments

Recommended for you

Shenyu: The widespread existence of blind signature issues provides hackers with opportunities to take advantage of, and the problem must be solved

US CFTC: Federal court was "wrong" to allow Kalshi to launch prediction market

a16z releases 2024 State of Cryptocurrency Report, seven findings shed light on the current state of the crypto industry

The head of the Financial Supervisory Service of South Korea: We are investigating various abnormal transactions including AVAIL on Bithumb

76% of 80 family offices and high net worth individuals in Asia are involved in digital assets, and another 18% plan to invest in the future

Bank of America CEO sounds the alarm: The U.S. economy may lose its special status due to debt problems

Vitalik publishes new article on the future development of Ethereum protocol, key goals include achieving maximum L2 interoperability

Trump: Tariffs will boost U.S. economic growth

ZachXBT: Suspected insiders made $3.8 million in profits on RTR

The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

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