{"id":134989,"date":"2024-08-06T08:00:44","date_gmt":"2024-08-06T05:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134989"},"modified":"2024-08-06T01:12:12","modified_gmt":"2024-08-05T22:12:12","slug":"popular-meme-coin-shiba-inu-overtakes-avalanche-in-market-value","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/popular-meme-coin-shiba-inu-overtakes-avalanche-in-market-value\/","title":{"rendered":"Popular Meme Coin Shiba Inu Overtakes Avalanche in Market Value"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/shiba-inu\/\">Shiba Inu<\/a> <\/strong>is now valued at $7.9 billion compared to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/avalanche\/\">Avalanche&#8217;s<\/a> <\/strong>$7.8 billion. Despite a severe downturn in the cryptocurrency market earlier today, Shiba Inu approached a low of $0.00001089 before rebounding to its current price of $0.00001325.<\/p>\n<p>Among meme coins, Shiba Inu has been the standout performer, with only a 3% decline over the past 24 hours.<\/p>\n<p>Global markets experienced significant turmoil today, with Japanese stocks facing their <strong><a href=\"https:\/\/cryptodnes.bg\/en\/the-japanese-stock-market-faces-its-biggest-losses-since-1987\/\">worst decline since the late 1980s<\/a> <\/strong>and the tech-heavy Nasdaq index plunging over 6%. This market upheaval is attributed to disappointing tech earnings and concerning economic data, raising fears of a potential US recession.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/solana-faces-pressure-from-high-inflation-and-rising-token-supply\/\" title=\"Solana Faces Pressure from High Inflation and Rising Token Supply\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/solana-2-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solana Faces Pressure from High Inflation and Rising Token Supply<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In response, there are growing calls for an emergency rate cut to stabilize the markets. Polymarket users now see a higher likelihood of a 50 basis-point rate cut, with the odds tripling in recent days. Risk assets, including cryptocurrencies, are anticipated to benefit from a more accommodative monetary policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu, a popular meme cryptocurrency, managed to claim the 12th place in the CMC ranking, surpassing Avalanche in market capitalization.<\/p>\n","protected":false},"author":3,"featured_media":50501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-134989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Popular Meme Coin Shiba Inu Overtakes Avalanche in Market Value<\/title>\n<meta name=\"description\" content=\"Shiba Inu, a popular meme 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