Move Over Bitcoin – Is Shiba Inu The Next Crypto Gold?

Is Bitcoin ready to throw in the towel and allow Shiba Inu to snag its crypto gold status? Not likely. But, anything can happen. If you want a more reliable and stable trade then go for the kings of cryptocurrency, Bitcoin, and Ethereum. These two leading cryptocurrencies have been consistently moving on an upward trend for the past two years. However, Shiba Inu is getting more attention for its recent remarkable increase in market value at 0.12%. Was it just a lucky streak or is Shiba Inu primed to be the next crypto gold? Suggested Reading | Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps Shiba Inu Gains More Traction Why is Shiba Inu gaining that instant fame threatening the post of Bitcoin and Ethereum? Well, the Dogecoin killer Shiba Inu (SHIB) has performed way beyond the standards of a top-performing asset. The standard is around the figures of 2,000% or a little higher. However, Shiba Inu was able to surpass that in 2021. In fact, not even Bitcoin or Ethereum was able to reach that pinnacle of sorts. That humongous one-year gain by SHIB was enough for traders and crypto enthusiasts to compare Shiba Inu with Bitcoin and Ethereum. SHIB total market cap at $13.50 billion on the weekend chart | Source: TradingView.com Suggested Reading | Shiba Inu Kicks Off Metaverse Project; SHIB Rallies 14% In The Last 7 Days Despite the criticisms and naysayers, SHIB was able to go beyond the expectations of ...