Shiba Inu dangerously close to Cardano’s market cap: Can SHIB beat ADA?

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Shiba Inu's market capitalization has recently increased to over $16 billion, and this has pitted it close to Cardano in market cap.

Until the 27th of May, SHIB’s market cap was around $14 billion. Compared to that, a. So, one could argue that the clock is ticking for ADA.What’s particularly interesting about SHIB’s volume trend was that it is dominated by buyers, as reflected in its price analysis.This disparity in trading volumes and buying activity highlighted the growing interest and momentum behind SHIB, compared to ADA.

As of this writing, Shiba Inu was trading with a gain of over 2%, at approximately $0.000027. If it closes the current trading session with gains, it will mark three consecutive days of uptrends.price trend was less positive and in a downtrend. It was trading at around $0.46, showing a modest increase of almost 1%.

Despite this, Cardano remained below its short Moving Average , which was acting as resistance. ADA’s RSI also indicated it was trading below the neutral line, suggesting a bear trend.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.

 

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