Shiba Inu blows expectations, outranks AVAX and Chainlink; inching close to top 10 crypto

New Delhi: Self-claimed DOGEKILLER Shiba Inu is ready to overtake Dogecoin with its rapid market capitalization growth. Right now, SHIB is the most traded crypto coin on Binance, Coinbase and Huobi.

SHIB has outperformed many potential cryptos in the market. Meme-coin has made a massive comeback with immense growth from investors. SHIB, BONE and LEASH coins from the Shiba Inu ecosystem have observed a spike in the demand in the last few days.

There have been many developments in the Shiba Inu ecosystem that have contributed to the ongoing rally and the key factors are:

1) The implementation of the burn mechanism

2) The announcement of the launch of 10,000 Shiboshis on ShibaSwap

3) The rise in the number of token holders

An expert has compared DOGE’s run to its all-time high to Shiba Inu’s ongoing rally.

Screenshot from what happened when DOGE had siphoned of all the volume from alts during its run earlier and it retraced after hitting its first pit stop at $0.45.

Expecting something similar with SHIB.

s/o @cryptoalle pic.twitter.com/SUv1YOkqAB

— Hsaka (@HsakaTrades) October 7, 2021

Shiba Inu is preparing to get into gaming and holders are expecting a boost in its demand. Earlier Shiba Inu was facing two main challenges

1) Lack of liquidity

2) Lack of ecosystem updates

SHIB is receiving an over-the-top response from interested investors. Shiba Inu’s listing on CoinBase global’s crypto exchange has pumped the coin and brought new investors on the SHIB ecosystem. DOGEKILLER Shiba Inu has overtaken cryptocurrencies like Avalanche (AVAX), Uniswap (UNI), Litecoin (LTC) and Chainlink (LINK) with a market capitalization of $15 billion.

Shiba Inu has hit 1 million followers on one of its public platforms and have crossed the milestone of 700,000 SHIB holders.