coinedition.com
Earlier this morning, those who took a peek at CoinMarketCap would have been shocked to see that the meme coin Shiba Inu ($SHIB) flipped Tron ($TRX) in terms of market cap. At that time, $SHIB was ranked as the 14th biggest crypto while $TRX occupied the 15th position.
Since then, these two cryptos have once again flipped positions with $TRX reclaiming the 14th spot. The fact that $SHIB was able to flip $TRX, even for a short while, proves that the excitement caused by Shytoshi Kuasama’s recent Shibarium announcements are on the increase among $SHIB fans.
Kusama recently revealed that Shibarium Beta might be launched as soon as this month. In addition to this, on March 5, more than 43.19 million $SHIB was burned in just 24 hours. This is an almost 8,000% increase from the previous day’s 539,295 $SHIB. The Shibburn website indicates that the burn rate is up by 89.25% since yesterday, and 30,174,914 $SHIB has been burned over the last day.
$SHIB is currently worth about $0.00001118 after a 1.18% increase in price over the last day. The meme coin is, however, still down by more than 10% over the last week. In terms of market cap, $SHIB stands at $6,137,192,649, which makes it the 15th biggest crypto.
$TRX is now trading hands at $0.06727 after a 0.49% increase in price over the last day. The altcoin’s market cap stands at $6,145,349,773, making it the 14th biggest crypto in terms of market capitalization.