The “dog” cryptocurrency Shiba Inu is inferior in popularity to Wen.
On January 29, the “dog” cryptocurrency Shiba Inu (SHIB) lost in popularity to the digital asset Wen (WEN), based on the cat meme. Over the last 24 hours, Wen trading volume increased by 43% and reached $118.8 million. According to this indicator, the token closed the top three in the ranking of meme coins, losing to the “dog” virtual val Utah Dogecoin (DOGE) and Bonk (BONK).
Nevertheless, WEN is greatly inferior to its closest competitors in terms of capitalization level. The cost of issued DOGE coins is $11.3 billion, while the capitalization of Wen is estimated at only $118 million. Taking this fact into account, we can confidently assume that the exchange rate of WEN will be t is subject to a high level of volatility. On January 26, the price of Wen reached a historical maximum at $2915, but then the price of the asset quickly collapsed, and it almost completely depreciated, falling to $ 0.000007857. However, thanks to the increase in trading volume over the past 24 hours, WEN has risen in price by 35%, so the upward trend may continue if there is no interest in the coin
will fade away.
