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Shiba Inu secures the top spot on the LunarCrush AltRank list amidst soaring social buzz and market activity.
Shiba Inu has emerged as the undisputed champion, claiming the coveted No.1 position on the LunarCrush AltRank list. The remarkable feat was achieved after SHIB outperformed 4,489 other coins in terms of both social and market activity.
Based on relative combined social + market activity, #ShibaInu has hit AltRank™ 1 out of the top 4,489 coins across the market.
AltRank™ measures a coin's performance relative to the entire #crypto market.https://t.co/6W0wq2DvZb pic.twitter.com/Ha56ieEQIw
— LunarCrush (@LunarCrush) July 28, 2023
Per LunarCrush data, Shiba Inu amassed 68.68 million social engagements, with 956 social mentions in just twenty-four hours.
This meteoric surge in social activity has triggered a price rally for Shiba Inu. Based on CoinMarketCap data, the Shiba Inu price has risen by 5.44% over the last day and is currently trading at $0.000008232.
The price increase has led to a shift in the crypto rankings. Shiba Inu has managed to surpass the top contenders, such as Wrapped Bitcoin (WBTC), Bitcoin Cash (BCH), and Avalanche (AVAX), to become the world’s 14th biggest cryptocurrency by market capitalization.
The Shiba Inu Ecosystem is buzzing with developments ahead of the Shibarium Mainnet launch. The SHIB development team recently launched the Shibarium beta bridge for public testing. ShibArmy members are actively encouraged to participate in this cross-chain solution, providing valuable feedback on any encountered issues or bugs. However, the team urges the community not to use real assets during this testing phase, as the Shibarium beta bridge is not yet fully functional.