SHIB leads the top 100 pack in gains as most major cryptos see red

SHIB leads the top 100 pack in gains as most major cryptos see red
2 months ago
2 mins read

Although the majority of the cryptocurrency market is sustaining its bearish streak, some of its assets are actually advancing, including Shiba Inu (SHIB), which has seen a price increase on Thursday, June 30.

Indeed, in the last 24 hours, the dog meme coin’s price has climbed 3.73% over the previous 24 hours and currently trades at $0.00001026, leading the market in daily gains out of the top 100 cryptocurrencies by market capitalization, as per data retrieved from CoinMarketCap on June 30.

Meanwhile, its weekly chart is showing an increase of 4.15% compared to seven days before.

SHIB leads top 100 gainers. Source: CoinMarketCap

The second-best gainer among the top 100 cryptos at press time was UNUS SED LEO (LEO), which has gained 0.33% on the day, but recorded losses across the previous week.

At the same time, SHIB is one of the most trending coins on CoinMarketCap at the moment, second only to STEPN (GMT).

This data, combined with the daily gains, could indicate that the interest of crypto traders in SHIB is slowly returning; shortly after Finbold reported on Google search queries entailing the keyword ‘Buy SHIB’ recorded a drop of 100% from a popularity score of 8 in 2021 to an all-time low of 0 on June 22.

SHIB price decrease YTD

That said, SHIB has recorded a drop in value of more than 70% since the year’s turn, and most of its holders are currently in losses. 

SHIB year-to-date (YTD) price chart. Source: CoinMarketCap

As Finbold reported in late June, data has revealed that investing $100 in SHIB from June 2021 to June 2022 every 14 days for a total of 27 investments ($2,700) would result in $2,190.65 of value in Shiba Inu – in other words, you would be at a loss.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

Latest News

Join us on Twitter or Telegram

Or follow us on Flipboard Flipboard

Like the article? Vote up or share on your social media

Recommended content

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s

Ana Nicenko

Ana Nicenko has a plethora of knowledge and experience as a journalist covering the cryptocurrency and blockchain industries, having written for a variety of projects and organizations. Additionally, Ana has a master's degree in English Language and Literature. At Finbold, she reports news on the digital assets sector.