Shiba Inu (SHIB) has become the fourth most traded cryptocurrency globally.
Its rise in popularity is evident on platforms like Binance, where it's the second most-traded pair after BTC/USDT.
SHIB has experienced a remarkable 111% surge in value over the past week.
Despite stiff competition, SHIB's trading volume has reached $5.7 billion, surpassing other well-known cryptocurrencies.
SHIB's success highlights its significant impact on the cryptocurrency market.
However, it's important to note that SHIB is still 76% below its all-time high.
At the time of writing, SHIB was trading at $0.00002197, up 128% in the last seven days.