Despite the tumultuous market conditions that affected major cryptocurrencies this week, Shiba Inu managed to finish the week with significant gains.
Shiba Inu’s performance over the past week placed it at the top of CoinDesk’s leaderboard and Robinhood’s list of crypto assets with the highest bi-weekly and weekly gains, respectively.
According to a recent post, Shiba Inu ranked first among the top 10 crypto assets with the highest weekly gains on the Robinhood trading platform. The accompanying screenshot showed that Shiba Inu ended the week with an 11% gain.
This double-digit gain allowed Shiba Inu to outperform other crypto assets on the list, including Litecoin (LTC), Chainlink (LINK), Aave (AAVE), Ethereum Classic (ETC), Tezos (XTZ), Uniswap (UNI), Ethereum (ETH), Stellar (XLM), and Compound (COMP).
In a similar development, Shiba Inu also ranked among the top cryptocurrencies with the highest bi-weekly gains on the CoinDesk 20 Index (CD20).
The CD20 index tracks the performance of 180 crypto assets across seven sectors over a two-week period. The latest report ranked Shiba Inu second on the list, boasting a bi-weekly gain of 13.6%. Only Near protocol (NEAR) outperformed Shiba Inu on the CD20 leaderboard with a 23.8% gain.
Shiba Inu surpassed other tokens on the leaderboard, including Polygon (MATIC), Uniswap, Chainlink, XRP, Litecoin, Ethereum, Polkadot (DOT), and Avalanche (AVAX).
It is worth noting that Shiba Inu emerged as a top performer in the past week, while most crypto assets like Bitcoin experienced declines during the same period.
Currently, Shiba Inu is trading at $0.00002464, experiencing a 3.32% decline in the past 24 hours. This slight dip in price coincides with the ongoing market downturn.
Please note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are the author’s own and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.
