Shiba Inu was smashed by three popular cryptocurrencies last week.
Shiba Inu has positively arisen as one of the top dogs among cryptocurrencies. The digital coin has amassed stunning increases in the course of recent months. Also, it presently positions as the No. 11 cryptocurrency dependent on market cap.
However, Shiba Inu has now hit a rough patch. Its value fell almost 22% between Oct. 30 and Nov. 6. The decline stemmed from stresses that an unknown tycoon who claims 70 trillion Shiba Inu coins is going to sell a major piece of them.
Be that as it may, those worries didn’t drag down other digital coins. The following are three well-known cryptocurrencies that trounced Shiba Inu last week.
Crypto.com Coin is the token utilized by the Crypto.com chain. It is most popular as the quickest developing crypto application. It has more than 10 million users. Entertainer Matt Damon is presently the face of the platform, showing up in an advertisement on Crypto.com.
On account of the expanding popularity of the Crypto.com application, its digital coin has made huge progress too. Last week, CRO took off almost 58%. It currently positions as the No. 23 cryptocurrency based on market cap.
VeChain also handily beat Shiba Inu last week, with its value hopping almost 23%. Incidentally, VET additionally positions No. 23 among worldwide digital cryptocurrencies based on market cap.
While VET is a rising star, VeChain is something other than a cryptocurrency. Its blockchain innovation worked to solve real-world problems. VeChain has even gotten a certificate from the China Association for Standardization.
Polkadot wasn’t a long way behind VET last week with a strong gain of almost 22%. Also, it’s ahead of different tokens mentioned, including Shiba Inu, based on market cap. Polkadot right now positions as the No. 8 cryptocurrency in the world.
There’s an unmistakable explanation for Polkadot’s huge performance in the course of recent days. On Nov. 4, the Polkadot project started the process that will pave the way to its para chain slot auction planned for Thursday of this current week.
It wasn’t only Polkadot’s token that jumped accordingly. Other digital tokens identified with the Polkadot blockchain network soared as well. Kusama rose over 20% on Friday, while Enjin Coin vaulted over 26% higher.