Shiba Inu (SHIB) Breaks 8th Place In Crypto Top 10 With Unprecedented Rally

Shiba Inu is arguably one of the most talked-about cryptocurrencies in the space now. The meme coin had managed to crawl out of growing obscurity to the forefront of the crypto market. While the broader market has suffered alongside top cryptocurrency bitcoin, Shiba Inu has had other plans. Carving out its own growth pattern, the value of the asset had rallied to a new all-time high on Wednesday. Its break above $0.00004 and the subsequent crash had led the market to believe that the rally would be short-lived. SHIB had promptly fallen back to range $0.00003 range after hitting its new all-time high. But going against expectations, it had resumed its rally again and this time, its price had once again doubled, peaking above $0.00008. SHIB’s price in addition to its total supply has pushed the coin into the top ten cryptos and past its rival Dogecoin. Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History Playing With The Big Dogs Shiba Inu’s entry into the top 10 cryptocurrencies by market cap has put it in a position where it has to square up to bigger projects. One problem for SHIB remains its lack of use cases. Pushing past Dogecoin which has been in the top 10 for a while means that the project will have to evolve if it wishes to retain its prestigious position. Doge used its application as a payment option for its use case expansion. It remains to be seen what SHIB will use to cemen...