Shiba Inu Continues To Grow, Overtakes Polygon in Market Cap
2022.07.13 19:25
Shiba Inu Continues To Grow, Overtakes Polygon in Market Cap
- Twitter (NYSE:TWTR) market analyst Altcoin Daily have observed recent development in SHIB.
- Shiba Inu (SHIB) has managed to amass a higher market capitalization than MATIC.
- SHIB currently has a total market cap of over $5.6 billion, while MATIC’s is at $4.5 billion.
Shiba Inu, the 14th-ranked cryptocurrency, was one of the top gainers following the weekend sell-offs, with prices currently down by 5.69%. At a present market valuation of $5.66 billion, Shiba Inu has surpassed Polygon’s $4.5 billion to be the 14th biggest coin. However, according to Coinmarketcap data, SHIB has a lower 24-hour trading volume than MATIC.
Meanwhile, despite the recent price drop, Shiba Inu’s holder count continues to rise. According to WhaleStats, the SHIB holder count has grown to $1.619 million, surpassing the FTX token for the biggest holding by dollar.
MATIC, the native asset of the Polygon blockchain, trades upward by 2.85% at a present price of $0.5708 as volatility continues on the crypto market. The cry …
Continue reading on CoinQuora
