According to CoinMarketCap, it has a market cap of $5,880,947,458 and is currently the 15th biggest crypto.
"SHIB will soon start climbing the ranks," says Shannon Bray, a tech entrepreneur, and blockchain advocate. In a tweet on January 14, he expressed his belief that despite its current ranking, the positive performance of SHIB will see it rise in the crypto ranks.
Over the last week, SHIB has seen a growth of over 25% and is up by more than 19% over the last thirty days. It has strengthened against the two biggest cryptos, Bitcoin and Ethereum, by 1.9% and 2.71%, respectively, over the last day. Its 24-hour trading volume stands at $538,760,441 after a more than 60% increase.