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.

Image by coinmarketcap.com

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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