Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens
November 08 2021 - 12:00PM
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Shiba Inu has not been doing very well recently in the market, but
that has not stopped the meme coin from being a favorite in the
market. Investors had poured into the coin following its rallying
to a new all-time high in October and have since maintained support
for it. SHIB had lost its footing at this high price, dragging it
out of the crypto top 10. However, the meme coin remains one of the
most popular crypto coins in the market. The watch-list on
CoinMarketCap is a feature that allows investors to choose the
assets they want to keep an eye on as the market evolves. The top
watch-listed assets on this list usually do not fluctuate much. But
Shiba Inu has shaken up things recently. SHIB not only made it into
the top 10 but has beaten out some of its top rivals on the list.
Shiba Inu (SHIB) Takes 3rd Place As Shiba Inu got kicked out of the
top 10 cryptocurrencies by market cap, presently occupying 11th
place, it has set up shop as a top contender in another top 10
list. For the top 10 most watch-listed coins on CoinMarketCap, SHIB
made 3rd place on the list. It came behind Bitcoin and Ethereum
which occupied 1st and 2nd positions respectively. Related Reading
| How Bitcoin Has Performed Compared To Top Stocks Shiba Inu’s
returns have made it a beloved crypto in the community, thus being
3rd place on this list does not come as a surprise. The highly
volatile nature of dog-themed cryptocurrencies makes it so that
investors have to be one step ahead if they wish to make the most
profit out of their investments. Making watch-lists a valuable tool
for investors. SHIB price suffers after ATH | Source: SHIBUSD on
TradingView.com SHIB beat out its top rival Dogecoin and community
favorite Cardano to place 3rd on this list. It clenched this
position with a total of 1,702,000 watch-lists. Top coins Bitcoin
and Ethereum had 2,612,000 and 2,123,000, while Dogecoin placed 7th
with a total of 1,310,000 watch-lists. SHIB Ruling On Social Media
Shiba Inu has now surpassed Ethereum on total Twitter followers.
The total number of followers on the official Twitter account of
SHIB hit 1.8 million on Sunday, surpassing Ethereum which sat at
1.7 million at that time. SHIB is an ERC-20 token that is built on
the Ethereum blockchain and has been one of the most successful
tokens on the blockchain thus far. The meme coin has continued its
social media domination after the token was said to be the most
talked-about cryptocurrency on social media in October following
its rally to a new all-time high. This is a testament to how fast
the community is growing. Related Reading | Is Cardano
Fighting A Losing Battle Against Solana? Despite this though, the
price has not positively reacted to all of the support. After
dropping from its ATH at the end of October, there is no sign of
improvement in the altcoin. The digital asset had dropped close to
$0.00004 on Thursday but had since recovered back up. However, the
meme coin has stagnated around $0.00005 in the days following that.
Featured image from Nairametrics, chart from TradingView.com
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