These days, market attention is on meme coins following Shiba Inu (SHIB) beating Cardano (ADA) and now stands among the leading ten cryptocurrency coins.
Recent Shiba Inu Prices & Its Place In The Top Ten Crypto Rankings
As of May 29, Shiba Inu price prediction was at $0.00002659 (SHIB/USD). The coin has risen by 1.28% since Tuesday, when it stood at $0.00002576 (SHIB/USD). However, what is significant is that despite surpassing Cardano, this is not the highest point that Shiba Inu has reached during this period until now. In this year only, it hit a high of $0.00003592; that was in March though!
The Shiba Inu coin didn’t stay above other competing tokens for a long while standing at number ten when compared against all other cryptocurrencies besides outperforming TON which came in at number twelve.
The question remains, “What are the best meme coins to invest in in May 2024?” Most recently, meme coins of Dogwifhat (WIF) and Pepe (PEPE) have experienced an upturn in public interest thereby spearheading dramatic growth witnessed in several others so far this year. Smaller memes also hacked the votes through politicizing coins that teased out the personalities of the republican president and his democratic counterpart for the US presidential elections. With the high-tension elections, it’s obvious that they will find their way around here too.
What Is The Future of Shiba Inu?
The other day, the recent upsurge for Shiba Inu attracted a lot of attention to the coin; and currently that it is in the top ten, more people are going to be looking into investing in it. It may as well make this particular token go up momentarily henceforth making it create a platform of gains for itself due to where it stands at the moment in reputation.
Right now, meme coins are really popular, and they offer investors a way to have some fun with their trades. Even though Shiba Inu is almost a joke, it has shown unbelievable resilience for any coin and we feel that it may continue showing this in future.
Shiba Inu’s price may surge at any moment since the volume that is being traded with SHIB is significantly higher by 98% than it was before.
That’s all on ReadingCrypto for now!
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
