A report of a current event, knowledge, information
Litecoin (LTC) has surpassed Shiba Inu (SHIB) in terms of global market capitalization.
LTC is currently in 14th place with SHIB just $60 million off its throne.
The LTC team even tweeted a meme to celebrate the occasion.
According to data from CoinMarketCap, Litecoin (LTC) has now surpassed Shiba Inu (SHIB) in terms of global market capitalization. LTC is currently ranked 14th according to the data. The current highest price of LTC is 4.66 $.
SHIB approach to the main market with a difference of $ 60 million. Its market value is currently at $4.60 billion. SHIB is trading at $0.000008393, with a loss and gain of 2.2% in the last 24 hours. However, LTC traded up 2.9% in the last 24 hours and was valued at $64.90 at reporting time.
Litecoin surpassed SHIB in terms of market capitalization on November 22, 2022. The official LTC Twitter account even tweeted to highlight the milestone with a popular meme. SHIB performance in terms of pricing is one of the main reasons for the rise in LTC.
LTC is also considered as the second most active cryptocurrency. Messari did the research. They chose cryptocurrencies based on their estimated trading value over the past 24 hours.
Litecoin also saw a 42% increase in market capitalization in the last 24 hours. It currently stands at $531,892,461. Although SHIB is not doing well in terms of price, its market value has increased by 48.8% in the last 24 hours. It is currently at $206,828,071.
All cryptocurrency markets have been in an extended bear market. Every time the market tries to come back, another event pushes it back. Most of the best coins are 70-90% below their all-time highs.