Accéder au contenu principal

Shiba Inu Beats Out Ethereum, Cardano, And XRP To Become Second Most Traded Coin

Shiba Inu (SHIB) gained a lot of attention in 2023 as the crypto token went from just being a meme coin to one providing more utility to its users. That explains why SHIB retained its position and outperformed other major tokens like ETH and XRP in this crypto exchange’s year-end report.

Shiba Inu Was The Second-Most Traded Coin On WazirX

Indian-based crypto exchange WazirX noted in its year-end report that SHIB was the second-most traded token on its exchange. SHIB outranked other major tokens, like the second-largest cryptocurrency, Ethereum, in the process. The only crypto token that outperformed the meme coin on the exchange was Bitcoin. 

WazirX also highlighted the “affinity” that its users have become known to have for the meme coin. Notably, SHIB ranked third in the most traded tokens on the crypto exchange in 2022. That year, it came only behind Bitcoin and USDT, with the latter being the go-to stablecoin to facilitate peer-to-peer (P2P) transactions on the network. 

Interestingly, Shiba Inu and Bitcoin were the only two tokens that were popular on WazirX throughout 2023. Both tokens were a constant in the crypto exchange’s monthly ranking of the top four most popular tokens on the platform. 

Meanwhile, XRP, ETH, TRX, and MATIC closed out the list of the top six most traded tokens on the crypto exchange. XRP was the only unfamiliar face, considering that the other tokens made the list in 2022. XRP’s popularity on the platform began to grow in May, as that was the first time in the year that it made the cut for the top four most popular on WazirX.

XRP’s popularity rapidly increased on the back of Ripple’s landmark victory against the Securities and Exchange Commission (SEC) in July. WazirX noted that this event led to a huge spike in trading activities for the XRP token on its platform. 

Shiba Inu price chart from Tradingview.com (Ethereum XRP)

Great Things Still To Come For Shiba Inu

Despite the remarkable achievements they recorded in 2023, the Shiba Inu team has no plans of slowing down in 2024. Shiba Inu’s Marketing Lead, Lucie, recently revealed plans that the team has for the ecosystem. These plans are no doubt bullish for the ecosystem and could potentially boost SHIB’s price in a year that could kickstart the bull run. 

Crypto analyst Crypto Kaleo also recently hinted that a significant rally could be on the horizon for SHIB, something similar to the one it enjoyed in 2021. This is hinged on ETH breaking out from its current price range. That could, however, happen soon enough, considering that ETH is expected to enjoy massive gains as attention turns to its ecosystem following the potential approval of the Spot Bitcoin ETFs.

At the time of writing, SHIB is trading at around $0.00001034, down over 1% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Bitcoin News, chart from Tradingview.com


Source link

The post Shiba Inu Beats Out Ethereum, Cardano, And XRP To Become Second Most Traded Coin appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

$3 Million Stolen In ‘Kraken’ Crypto Con

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite