- Shiba Inu reclaimed its #14 position by market cap.
- Paxos-issued Binance stablecoin BUSD continues reduction.
- Binance acclaimed Shiba Inu as a high-level standard coin.
The popular Japanese guard dog-themed memecoin Shiba Inu (SHIB) is climbing up the charts once again, as SHIB flipped the stablecoin Binance USD (BUSD). The leading crypto exchangeâs stablecoin dropped to #16 by global market capitalization with a $6,67bn market cap.
Also giving way to Avalanche (AVAX), BUSD has gradually decreased its market share since the U.S. Securities and Exchange Commission (SEC) labeled Binanceâs stablecoin an unregistered security and imposed a ban for the issuer Paxos to mint more BUSD.
Shiba Inu is changing hands at $0.00001159, according to CoinGecko. Hitting an upper resistance line at $0.0000115, SHIB recorded solid gains of 5.6% in the…
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