Image Credit: Bitcoin.com News

Mar 05, 2024

Why Shiba Inu is Third Most Traded Crypto?

By: Bhumi Shrivastava

Shiba Inu's recent surge in trading volume and market cap has propelled it to become the third most traded cryptocurrency globally.

Shiba Inu's Soaring Success

Image Credit:  Crypto News

Bitcoin's bullish trend has influenced the rise of other cryptocurrencies like Ethereum and Shiba Inu, driving up their trading volumes.

Bitcoin's Influence

Image Credit:  ABP News

Anticipation of the upcoming Bitcoin halving event in April 2024 is fueling optimism in the cryptocurrency market, driving prices higher.

Bitcoin Halving Hype

Image Credit:  News BTC

Experts predict continued growth in the cryptocurrency market in the next 60 days, with Shiba Inu poised to benefit from Bitcoin's trajectory.

Expert Predictions

Image Credit:  PAN Finance

Despite recent gains, Shiba Inu remains subject to market volatility, as seen in its fluctuations from its all-time high.

Market Volatility

Image Credit:  Mozilla Foundation

At present, Shiba Inu is trading at $0.00002541, with a 20% increase in the last 24 hours, reflecting its dynamic nature within the cryptocurrency landscape.

Current Status

Image Credit:  The Verge

Next: Protect Your Crypto: 7 Tips for the Bull Market