Monero (XMR) Suddenly up 9%, Dethrones Shiba Inu (SHIB) in Major Crypto Ranking — TradingView News

Privacy coin Monero (XMR) suddenly demonstrated a 8.22% price uptick inside the day, trading at $331.52 and lifting its market capitalization to $6.11 billion. Thanks to this move, Monero claimed 21st place on CoinMarketCap, pushing Shiba Inu SHIBUSD down with $5.87 billion. 

One may think it is just a numbers game, but this particular change is crucial because it reflects how capital is being allocated across sectors of the crypto market right now.

Digging deeper into the numbers, XMR recorded $210 million in turnover within 24 hours, ahead of SHIB’s $181 million. Over a seven-day period, Monero is showing a 4.34% gain, while SHIB has lost 4.83%. CoinMarketCap“>

For an asset like SHIB, which depends on community strength and…

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