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Shiba Inu SHIB/USD is in the top 10 most valuable cryptocurrencies, with investor sentiment and whale movements suggesting a further rally.
What Happened: Shiba Inu is up 50.3% Monday, taking its weekly gains to 238.8%.
This jump has brought the meme coin back into the top 10, with its market cap of $19.6 billion close to that of Dogecoin DOGE/USD at $25 billion.
Notably, the “Dogecoin killer” briefly surpassed its rival in 24-hour trading volume: Shiba Inu recorded $7.82 billion, compared to Dogecoin’s $6.42 billion per CoinMarketCap data.
Why It Matters: U Today reported IntoTheBlock data that the “Holding Time of Transacted Coins” has risen to two years since Feb. 26.
Put…
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