Shiba Inu (CRYPTO: SHIB) on Monday experienced an astronomical rise, surpassing the market capitalizations of several technology companies such as Zoom, Snap, eBay, and MicroStrategy.
What Happened: With a 90% surge within a 24-hour period, SHIB’s market cap hit $26.71 billion on March 5, inching near rival Dogecoin (CRYPTO: DOGE), which boasts a market capitalization of $29.21 billion.
With this surge, SHIB now outperforms the value of tech companies like eBay, which has a market cap of $25.1 billion, and MicroStrategy, known for holding a substantial amount of Bitcoin, whose market cap stands at ...