So uhmm, SHIB had more volume traded in the past 24 hours than Etherium.
Is this a simulation? Is this the top? Are dog coins the killer use case for blockchains?
You can verify it yourself on CoinMarketCap, SHIB had a volume traded of $30 Billion while Bitcoin and Eth had $39 and $23 Billion respectively.
To say there's a lot of buzz surrounding Shiba Inu would be a clear understatement. It's a self-proclaimed meme coin that looks to be piggybacking on the hype attached to Dogecoin, has been a clear beneficiary of crypto investors' love for pet-themed coins,
Of course, the recently soaring prices, especially in case of Bitcoin, has urged the investors to excessively pour their money into these emerging blockchain-based virtual currencies.
The sky-rocketing gains in SHIB over the past few months have surely developed the FOMO (Fear of Missing Out) factor in many. Looking at people turning into millionaires overnight just by holding a digital coin is surely a point of attraction for new and upcoming investors.
Navigate the cryptoverse with caution because markets can remain irrational longer than you can remain solvent.
This year has definitelly been the weirdest in crypto, we had jpeg rocks selling for millions, 2 dog coins in top 10... the next bear market is gonna be brutal, I can feel it.
