Updated: Oct 28, 2021
Shiba Inu is now surging in positions in trading volume. This bullish trend was noticed by one of the popular crypto analysts Lark Davis. Davis tweeted, saying that Shiba Inu has done more trading volume than Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and Ripple (XRP) combined.
This surge comes amid the memecoin's impressive performance in a couple of weeks and the positive sentiment around the SHIB token. As a result, Shiba Inu became the trending crypto everywhere in the news headlines. In addition, SHIB value keeps showing more green as the crypto continues its bullish momentum.
Following this, Davis stressed that Shiba Inu has a threshold value of more than $23 billion at the time of writing. Also, SHIB’s price is up by 24% at the writing time. Davis' tweet about SHIB made many think that he is just hyping Shiba Inu for adoption.
On the other hand, others believe that Davis does not mean to just cause hype around SHIB. Instead, he is just stating facts about how Shiba Inu is currently performing.