Shiba Inu has emerged as one of the top ten digital assets for investment, as listed by Forbes. The renowned magazine curated a collection of cryptocurrencies based on their market valuation, with Bitcoin and Ethereum leading the pack. What makes Shiba Inu stand out is its inclusion despite its meme-inspired origins. Forbes’ experts noted that Shiba Inu’s market capitalization on March 5, 2024, had reached an impressive $24.4 billion, with a price exceeding $0.00004.
Interestingly, SHIB experienced a significant surge in value, reaching $0.00004534 on March 5th, after an astonishing 378.11% increase in less than eight days from its low of $0.000009483. However, since then, the price of Shiba Inu has retreated from its peak. At present, SHIB is trading at $0.00003222, experiencing an 8.42% drop in the last 24 hours, reflecting the prevailing bearish trend in the overall market.
Forbes also identified several other digital assets considered worthwhile investments in the current bullish market. These include XRP, BNB, Solana (SOL), and Cardano (ADA). Moreover, Forbes emphasized the suitability of stablecoins like USDT and USDC for investors who prefer to navigate through the extreme volatility of the market.
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