Shiba Inu (SHIB) continues to gain popularity and narrows the gap with Bitcoin Cash (BCH) in market capitalization, which could lead to significant changes in the cryptocurrency rankings.
Advantages of Shiba Inu Over the Past Two Weeks
Since July 10, Shiba Inu has increased by more than 16%, while Bitcoin Cash has risen by less than 7% during the same period. This allows SHIB to add about 32% to its overall movement this month, which is linked to a resurgence of interest in Ethereum.
Trading Activity and Liquidity of SHIB
The trading volume of SHIB over the past 24 hours stands at $529 million, almost matching BCH's $610 million. Despite SHIB's per-unit price being just a fraction of a cent, liquidity on major exchanges remains high.
Prospects of SHIB Compared to BCH
Currently, SHIB is trading at $0.000015, showing steady growth despite a slight decrease from the previous day. If current trends continue, SHIB could surpass BCH within just a few days, as the gap stands at $1.488 billion.
Given the current dynamics, Shiba Inu has a strong chance of overtaking Bitcoin Cash in market capitalization. Such an event could change the flow of capital between older cryptocurrencies and more actively speculated assets.
