Although the substantial price increases in the cryptocurrency sector since the year’s turn have started to slow down, Shiba Inu (SHIB) is still recording powerful advances on its charts, positioning it as the leader in daily market gains among all cryptocurrencies.
Indeed, Shiba Inu was at press time changing hands at the price of $0.00001209, recording an impressive increase of 15.17% across the past 24 hours, and assuming the first place among all digital assets by this indicator, according to the data retrieved from crypto tracking platform CoinMarketCap on January 18.
It is also worth mentioning that Shiba Inu’s market capitalization presently stands at $6.62 billion, compared to $5.76 billion 24 hours earlier, which means that the token has seen an inflow of $870 million in its market cap in just one day. On top of that, SHIB’s market cap has grown by $1.7 billion or 34.55% in one week.
(By Ana Nicenko)
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