Top Gainers of the Day: Shiba Inu (SHIB), Tezos (XTZ) and Stacks (STX)

Top Gainers of the Day: Shiba Inu (SHIB), Tezos (XTZ) and Stacks (STX)
  • Shiba Inu has flipped Avalanche (AVAX).
  • On multiple occasions, SHIB has surpassed DOGE.

Let us take a look at the top crypto gainers of the day.

Shiba Inu (SHIB)

On Tuesday morning, Shiba Inu (SHIB), a meme currency and Dogecoin competitor, achieved an intraday high of $0.00005097, up 31.4 percent. According to CoinGecko, Shiba Inu hadn’t traded over $0.00005100 since November 19, when it went above $0.00003660. The meme currency has gotten a lot of attention recently, thanks to the indirect help of Vitalik Buterin, co-founder of Ethereum.

SHIB/USDT: Source: TradingView

Shiba Inu has flipped Avalanche (AVAX) to become the 11th biggest cryptocurrency by market value. On multiple occasions, SHIB has surpassed DOGE in terms of the total market cap on CoinGecko. According to CoinMarketCap, the SHIBA INU price today is $0.000052 USD with a 24-hour trading volume of $9,108,222,166 USD. SHIBA INU is up 34.77% in the last 24 hours.

Tezos (XTZ)

Tezos is a smart contract-based blockchain network similar to Ethereum. But there’s a key difference: Tezos intends to provide the more sophisticated infrastructure to develop and improve without risking a hard fork.

XTZ/USDT: Source: TradingView

This has been a problem for both Bitcoin and Ethereum since its creation. Tezos holders have the ability to vote on protocol modifications suggested by the Tezos team. According to CoinMarketCap, the Tezos price today is $5.47 USD with a 24-hour trading volume of $809,631,184 USD. Tezos is up 16.22% in the last 24 hours.

Stacks (STX)

Stacks is a layer-1 blockchain system aimed to introduce smart contracts and Dapps to Bitcoin (BTC). These smart contracts are added to Bitcoin without compromising its great qualities, such as security and stability.

STX/USDT: Source: TradingView

Unlike typical applications, Dapps are open and modular, allowing developers to build on top of each other’s apps. Because Stacks is built on Bitcoin, everything is settled on the most extensively used and secure blockchain. According to CoinMarketCap, the Stacks price today is $2.47 USD with a 24-hour trading volume of $384,010,631 USD. Stacks have been up 13.13% in the last 24 hours.

Content writer by profession. A crypto lover and has passion for writing. Follows the developments of digital currency right from its launch, years ago.