Shiba Inu (SHIB) Surpasses Tron (TRX) Amid a Blistering Rally

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Alex Dovbnya

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Shiba Inu (SHIB) is back above Tron (TRX) after a sudden 44% price spike

The price of meme coin Shiba Inu (SHIB) has soared by nearly 44% over the past 24 hours, according to data provided by CoinMarketCap.

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The popular canine coin has now climbed to the 13th spot by market capitalization, surpassing Tron (TRX).

Shiba Inu is now close to catching up with Dai (DAI), a popular decentralized stablecoin that has seen a resurgence following the collapse of rival TerraUSD in early May. 

SHIB touched $0.000012 earlier today on the Binance exchange, reaching its highest level since late May.

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Yet, the meme coin is still down 67.48% since the start of the year despite growing adoption.

As reported by U.Today, the canine cryptocurrency started trading on the Bitstamp exchange earlier this month. 

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