Crypto

Shiba Inu on track to take third place in capitalization behind Bitcoin and Ethereum! | My brochure

Shiba Inu continues to rise, and experts predict that memecoin is gearing up to be among the top three cryptocurrencies in terms of market capitalization.

According to experts, SHIB will change ADA in the current rally.

Shiba Inu, the memecoin that became popular as a Dogecoin killer, now ranks 12th based on market capitalization, according to crypto data aggregator CoinGecko.

Cryptocurrency price by market capitalization

The team behind the Shiba Inu token regularly announces new updates to the ecosystem, following the latest trends in cryptocurrencies. News of the burn policy was followed by the announcement of new listings and the launch of 10,000 NFT (Shiboshis).

The listing on Coinbase was a key factor causing a rally in the token, bringing the price to $ 0.00003473. Although the price of SHIB is at 22% of its all-time high, the memetoken has made a massive comeback in the last four weeks.

The implementation of the burn policy prompted a bullish outlook among traders. Shytoshi Kusama, SHIB ecosystem project manager, recently tweeted about the new combustion policy and its impact on Shiba Inu.

With its rapid growth and growing market capitalization, SHIB has already surpassed Litecoin, Chainlink, and Avalanche. SHIB price has risen more than 245% in the last week.

@DelCrypto, a cryptocurrency and equity market analyst, recently claimed that Shiba Inu is about to rank among the top three cryptocurrencies in terms of market capitalization. The analyst believes that SHIB will likely dethrone ADA.

The term “flippening” is used in the context of Ethereum exceeding the market capitalization of Bitcoin. The new “flippening” is SHIB, which could dethrone ADA and rank among the top three cryptocurrencies.

SHIB’s current market capitalization is $ 14.6 billion and a five-fold increase puts Shiba Inu on par with Cardano. Cardano’s market capitalization is $ 71 billion.

Critics rule out the possibility of further SHIB price growth. Michael Burry, the investor who predicted the famous financial crisis of 2008, was recently quoted:

“Just to say, a quadrillion seconds equals about 32 million years; a quadrillion days equals 2.7 billion years, or ALL THE TIME, from the beginning of the universe, multiplied by 71,000, that is, useless. “

SHIB’s offering is capped at a quadrillion tokens, and Burry finds the memetoken unnecessary. Despite these criticisms, the price of SHIB is rising and nothing seems to be able to stop its rise.

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