Monero (XLM)
The price of Monero (XMR) is currently $152.22, showing a 1.98% increase over the past week. However, in the last 24 hours, the price has slightly fallen by 1.47%. Monero’s current price is significantly lower than its all-time high of $517.62, standing at 70.59% below it.
Monero has a market capitalization of $2.8 billion, with a 24-hour transaction volume of $53.2 million. The available supply of Monero is 18,343,249.32 XMR.
Chia (XCH)
Chia’s (XCH) price is currently $21.33, marking a significant decrease of 10.18% in the last week. In the last hour, the price has dropped by 0.07%. Chia’s current price is 98.90% below its all-time high of $1,934.51.
Chia has a market capitalization of $185.8 million, with a 24-hour transaction volume of $4.6 million. The available supply of Chia is 8,707,672 XCH.
Shiba Inu (SHIB)
The price of Shiba Inu (SHIB) currently stands at $0.00000684, registering a significant decrease of 5.26% over the past week. In the last hour, the price rose by 0.15%, but has fallen by 1.73% over the past 24 hours.
Shiba Inu has a market capitalization of $4 billion, with a 24-hour transaction volume of $76 million. The available supply of Shiba Inu is 589,346,914,631,298.1 SHIB.
Shiba Inu registers significant transaction volume of 4.48T SHIB
Despite the market downturn, Shiba Inu has maintained high transaction volumes on its network. On October 9th, SHIB saw a transaction volume of up to $4.48 trillion in 24 hours. This indicates considerable activity on the chain, even with a minimal increase in price.
Shiba Inu holders actively moving funds
The spike in transaction volume suggests that SHIB holders are actively shuffling tokens amid selling pressure. This behavior deviates from the typical trend during market sell-offs and indicates continued commitment from investors. The high transaction volumes could potentially lead to a recovery rally for Shiba Inu.
Hot Take: Shiba Inu’s Resilience Amidst Market Turmoil
Shiba Inu has shown remarkable resilience with its high transaction volumes despite the negative momentum in the broader cryptocurrency market. The community surrounding Shiba Inu remains strong and committed, making it an intriguing token to watch as the market continues to evolve.
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