{"id":30447,"date":"2024-03-18T00:10:56","date_gmt":"2024-03-18T00:10:56","guid":{"rendered":"https:\/\/icoinmarket.com\/shiba-inu-shib-lands-a-spot-on-a-very-prestigious-forbes-list\/"},"modified":"2024-03-18T00:10:56","modified_gmt":"2024-03-18T00:10:56","slug":"shiba-inu-shib-lands-a-spot-on-a-very-prestigious-forbes-list","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/shiba-inu-shib-lands-a-spot-on-a-very-prestigious-forbes-list\/","title":{"rendered":"Shiba Inu (SHIB) Lands a Spot on a Very Prestigious Forbes List"},"content":{"rendered":"
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TL;DR<\/p>\n
The cryptocurrency sector is experiencing a surge, with Bitcoin reaching over $70K for the first time and Forbes releasing a watch list of ten digital assets.<\/span> <\/span><\/p>\n The cryptocurrency sector has been booming lately, with numerous digital assets reaching new all-time high prices. Bitcoin (BTC), for one, recently crossed the $70K for the first time in its 15-year history.<\/p>\n The resurgence has caught the eye of investors and enthusiasts, while experts lay out estimations and try to predict the market\u2019s next move.\u00a0<\/span><\/p>\n Most recently, the global media company \u2013 Forbes \u2013 also dived in,\u00a0<\/span>outlining<\/span>\u00a0the ten cryptocurrencies people should put on their watch list this month.\u00a0<\/span><\/p>\n Unsurprisingly, the first two are Bitcoin and Ethereum, which collectively account for over $1.8 trillion in market capitalization.<\/span><\/p>\n Forbes\u2019 list also goes through Ripple (XRP), Solana (SOL), and Cardano (ADA) to finish with Shiba Inu (SHIB). The media company described the second-largest meme coin as \u201can experiment to discover if a coin could work with no central governing authority.\u201d<\/span><\/p>\n SHIB has been one of crypto\u2019s rock stars as of late, with its price jumping by over 250% on a two-week scale, whereas its market capitalization briefly exceeded the $25 billion mark.<\/span><\/p>\n Important metrics related to its ecosystem, such as daily active addresses and total transactions on Shibarium, have also\u00a0<\/span>headed north<\/span>.\u00a0<\/span><\/p>\n Shiba Inu is not the only meme coin on the list, with the ninth spot belonging to the realm\u2019s leader \u2013 Dogecoin (DOGE).<\/span><\/p>\n Other assets of that type that have made the headlines in the past several weeks but have not found a place in the ranking are dogwifhat (WIF), Bonk Inu (BONK), Pepe Coin (PEPE),\u00a0<\/span>Floki Inu (FLOKI)<\/span>, and more. All of these offer traders the chance of substantial profits in a short period of time, but they can also prompt colossal losses.<\/span><\/p>\n Those willing to enter the ecosystem should watch our dedicated video to protect themselves from some common mistakes:<\/span><\/p>\n<\/p>\n
\nThe ranking highlights the popularity and volatility of meme coins like Shiba Inu and Dogecoin, dealing with which can lead to both significant gains and losses.<\/p>\n
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