Shiba Inu (SHIB) Flips Tron (TRX) After 44% Price Jump

Shiba Inu (SHIB) is back above Tron (TRX) following a 44 percent price increase.

According to CoinMarketCap statistics, the price of meme coin Shiba Inu (SHIB) has increased by roughly 44 percent in the last 24 hours.

The famous canine currency has already surpassed Tron to take the 13th slot in terms of market capitalisation (TRX).

Shiba Inu is closing in on Dai (DAI), a popular decentralised stablecoin that has witnessed a rebirth after competitor TerraUSD's demise in early May.

SHIB reached $0.000012 on the Binance market earlier today, its highest level since late May.

Despite gaining usage, the meme coin is still down 67.48 percent since the beginning of the year.

Earlier last month, the canine cryptocurrency began trading on the Bitstamp platform.