SHIB surpasses TRX in market cap as price soars over 40% in 7 days

According to data from CoinMarketCap this morning, Shiba Inu (SHIB) was able to surpass the market cap of TRON (TRX). Prior to this, SHIB rose by more than 40% last week, and its market value increased by US$2 billion.

SHIB market cap (source: CoinMarketCap).

The current market value of SHIB is 6,35,728,199 USD. Since this morning, TRX once again surpassed SHIB with a market value of 398,759,584 USD. This means that TRX is currently ranked 13th on CoinMarketCaps, and SHIB is currently ranked 14th.

Although the 40% growth can be regarded as SHIB, the key is to consider that some of the momentum of TRX may have been lost, because the USDD stablecoin launched by TronDAO lost its peg in mid-June and has not recovered.

Equally key, ETH whales are busy hoarding SHIB, which may give the meme coin an edge over TRX.

now. The price is down 10.53% over the past 24 hours. SHIB is trading at $0.00001157 after reaching a high of $00.000196 during the same period.

The SHIB 24-hour trading volume also decreased by 18 hours. 47%, 605,576,6770 US dollars.

TRX is currently worth $0.0699 after a price increase of 7%.97% over the past day. Volume in the digital currency also increased by 70%.76% to $681,398,080.