The digital assets market continues to remain in an accumulation phase, yet for some tokens, it is accompanied by price spikes. In particular, Shiba Inu (SHIB) is showing dynamics today that differ from its larger counterparts, such as Bitcoin, gaining around 4.2% from the opening and peaking above $0.000006 per token.

The drivers behind this surge remain unclear, though as noted in the morning report by U.Today, the majority of top traders on Binance are long on Shiba Inu, while the token’s 24-hour trading volume is, on the contrary, declining, and currently stands at $155 million, according to CoinMarketCap.

SHIB/USDT Daily Chart, Source: TradingVIew

Is SHIB's growth signaling market-wide "risk-on" move?

Thanks to this kind of market outperformance, the token has managed to climb one spot above in the cryptocurrency market capitalization ranking by CoinMarketCap. With a valuation of $3.478 billion, it currently holds 26th place, overtaking Zcash (ZEC), a popular privacy-focused cryptocurrency that has been actively promoted by the Solana community, including Helios CEO Mert Mumtaz, as well as well-known financial thinker Naval Ravikant.

HOT Stories Shiba Inu (SHIB) Price Rises as 58% of Binance Top Traders Go Long, Ripple Treasury Vice President Highlights 'Big Unlock,' Bitcoin Whale Buys More After Two Years of Dormancy: Morning Crypto Report 'Total Lie': Brian Armstrong and Coinbase Execs Deny Lobbying Against Bitcoin

Shiba Inu (SHIB) Above Zcash in Major Crypto Ranking, Source: CoinMarketCap

Now that Shiba Inu (SHIB) is ahead of Zcash and is confidently securing its place among the top 30 largest cryptocurrencies by market capitalization, it is clear how the market currently gauges the risk, with utility play such as ZEC lagging behind purely speculative SHIB. 

You Might Also Like
Thu, 03/12/2026 - 14:45 Shiba Inu Burn Rate Triggers 6.8 Million SHIB Removal From CirculationByGodfrey Benjamin

Whether this dynamic will continue toward the end of the week remains to be seen, especially considering that over the weekend, on Friday, March 13, key macroeconomic releases are expected, including preliminary GDP data for the fourth quarter of 2025, as well as employment figures and consumer sentiment readings.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。