Shiba Inu (SHIB), the "Dogecoin killer" has shown a massive gain this year. As a result, it drove itself into the top 11 market positions, on CoinMarketCap. At press time, SHIB, crypto-asset has gained $4.02 billion in the last 24-hours.
Note that Shiba Inu took the number one spot for the most valuable crypto of the year since its beginning. Brief, this caught the attention of the crypto analyst — Jon Erlichman who shared a tweet in which he talks about the fiat statistics of most altcoins one year after.
According to the $1,000 amount invested a year ago, Shiba Inu leads with $740,259,740 followed by Axie Infinity, the play-to-earn game with $1,082,920. In addition, these digital assets gave its investors more money than it envisioned.
Not to mention, Shiba Inu's presence is creating competition because it has amassed a substantial user-based adoption in the crypto market.
As per WhaleStats tweet, SHIB pushed till it became the biggest ERC-20 token holding, making its way up by superseding some major tokens like CRO, OKB, and BEST.