Shiba Inu (CRYPTO: SHIB) may not have had a rip-roaring January to show, but the dog-themed currency has remained the favorite among digital currencies.<\/p>\n
What Happened: Shiba Inu was the most popular cryptocurrency on crypto price tracking website CoinMarketCap, according to a new report from CrptoDiffer, citing data from crypto market data aggregation & analytics platform Cryptorank.<\/p>\n
Bitcoin (CRYPTO: BTC), the apex cryptocurrency, stood second, followed by Ethereum (CRYPTO: ETH), Fantom (CRYPTO: FTM) and Ariva (CRYPTO: ARV).<\/p>\n
Incidentally, Dogecoin (CRYPTO: DOGE), despite having the backings of some high-profile personalities such as Tesla, Inc.'s (NASDAQ:TSLA) Elon Musk, is not featuredamong the top 15 popular coins on CoinMarketCap.<\/p>\n
Related Link: Robinhood CEO Explains Why He's Resisting Calls For Accepting Shiba Inu <\/p>\n
Why It's Important:The fact thatShibaInu outrankedits more illustrious rivals despite having a fraction of their market capitalizations, isa testament to the loyalty of the SHIBA community called the Shiba Army, and the resulting increase in interest.<\/p>\n
After a breathtaking rally in 2021 that took the meme crypto to its all-time high of $0.000088 in late October, Shiba Inu pulled back amid the crypto market sell-off seen in late 2021. It came under further selling pressurein 2022 as the crypto sell-off extended into the new year.<\/p>\n
The community, however, has stood behind SHIB like a pillar, and is pinning its hopes on a turnaround, which may be hingedon trading app Robinhood Market Holdings, Inc. (NASDAQ:HOOD) adding Shiba Inu to its list of tradable cryptos.<\/p>\n
At last check, Shiba Inu was seen down 1.66% at $0.00002275.<\/p>\n
Related Link: Bitcoin Stays Above Key Support: What Does The Near-Term Hold For The Apex Crypto? <\/p>\n
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Read the original: Shiba Inu (CRYPTO: SHIB) may not have had a rip-roaring January to show, but the dog-themed currency has remained the favorite among digital currencies. What Happened: Shiba Inu was the most popular cryptocurrency on crypto price tracking website CoinMarketCap, according to a new report from CrptoDiffer, citing data from crypto market data aggregation & analytics platform Cryptorank. Bitcoin (CRYPTO: BTC), the apex cryptocurrency, stood second, followed by Ethereum (CRYPTO: ETH), Fantom (CRYPTO: FTM) and Ariva (CRYPTO: ARV). Continue reading
\nShiba Inu Edges Out Bitcoin, Becomes The Most Popular Crypto On CoinMarketCap In January - Benzinga - Benzinga<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"