Shiba Inu Marketing Lead Rejoices As SHIB Price Rallies 16%, Flips Cardano

The Shiba Inu (SHIB), a popular meme crypto, witnessed a 16% surge in price and has overtaken Cardano (ADA) in market capitalization. This development was highlighted by Shiba Inu’s marketing lead, Lucie, who took to social media to share the news. Moreover, she lauded the recent SHIB price rally.

Lucie On Shiba Inu Flipping ADA

In a post on X, the Shiba Inu marketing lead stated, “$SHIB flipped $ADA (again today).” The flip signifies a noteworthy shift in the dynamics of the crypto market, particularly in the rankings of major digital assets. Furthermore, the SHIB meme coin attained the 10th spot in the crypto ranking by market cap.

As of today, Shiba Inu’s market cap stands at approximately $16.82 billion. This edges out Cardano, which is holds a market valuation of around $16.5 billion. The surge in SHIB’s market value is attributed to a combination of factors, including increased investor interest, strategic partnerships, and recent technological upgrades.

Moreover, the latest achievement is backed by a perfect technical analysis score of 100 for SHIB, as spotlighted by Lucie. The Shiba Inu market leas posted a video that suggests the SHIB price to have a “very bullish” trajectory in the future. This score suggests that SHIB is poised for further growth, driven by strong market sentiment and technical indicators.

Earlier, during the March 2024 rally, the Shiba Inu meme coin had surpassed Cardano. However, within a month ADA took its place back owing to a massive bearish trend that led to significant losses in the SHIB price. Nonetheless, the recent surge makes up for it.

SHIB Price Today

The Shiba Inu price soared nearly 16% today and surpassed the $0.000028 mark, breaking out from the $0.000025 resistance level. This suggests that SHIB could hit the next target set at $0.00003, which could a major milestone. Meanwhile, the Shiba Inu price jumped 15.93% to $0.00002867 at press time on Wednesday, May 29.

The post Shiba Inu Marketing Lead Rejoices As SHIB Price Rallies 16%, Flips Cardano appeared first on CoinGape.