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Despite the excitement around Ripple’s (XRP) recent partnership with HSBC, the cryptocurrency has failed to rally and is currently trading at around $0.33, down 2% in the last 24 hours.
However, it seems that another popular DeFi altcoin, SHIB, has taken a different route and is surging after Christmas.
SHIB’s remarkable surge comes as the market anticipates a potential bull run in the coming year. Despite this bearish mood, many traders are looking at alternative options to hedge their bets.
The significant price increase of SHIB may be attributed to its robust fundamentals, such as its massive user base, consistent liquidity, and the growth potential offered by its decentralized exchange (DEX) platform.
Source: timestabloid.com
