Shiba Inu (SHIB) outruns Tron (TRX) in blistering rally

Alex Dovbnya

Shiba Inu (SHIB) Is Back Above Tron (TRX) After Sudden 44% Price Rise

The price of the Shiba Inu (SHIB) meme coin is up nearly 44% in the past 24 hours, according to data from CoinMarketCap.

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The popular dog coin has now risen to 13th by market cap, surpassing Tron (TRX).

Shiba Inu is now close to catching up with Dai (DAI), a popular decentralized stablecoin that has seen a rebound following the collapse of rival TerraUSD in early May.

SHIB hit $0.000012 on the Binance exchange earlier today, hitting its highest level since late May.

Still, the meme coin is still down 67.48% since the start of the year despite growing adoption.

As reported by U.Today, the canine cryptocurrency started trading on the Bitstamp exchange earlier this month.

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