Shiba Inu Bites Into Top 10, Surpasses Global Brands in Market Cap Surge

Shiba Inu, the meme-inspired cryptocurrency, has unleashed a market cap frenzy, exceeding $15.64 billion and catapulting into the top 10 list of major crypto assets. This astounding growth has sent ripples through the financial world, leaving established global brands in its wake.

The rally, which began over the weekend and intensified throughout the week, saw Shiba Inu eclipse companies like Porsche SE, GameStop, Dominos, Bandai Namco, Budweiser APAC, and more. The meme-coin now boasts a market cap larger than prominent names like Bank of Shanghai, Lenovo, and even Dominos Pizza.

Here’s a look at some of the companies Shiba Inu has overtaken:

Bank of Shanghai (Founded 1995, Financial Services, Market Cap: $15.61 Billion): One of China’s largest commercial banks, Bank of Shanghai provides a wide range of financial services to individuals and businesses.
Telefonica Brazil (Founded 1998, Telecommunications, Market Cap: $15.58 Billion): A leading telecommunications provider in Brazil, Telefonica Brazil offers mobile, fixed-line, and broadband services.
Lenovo (Founded 1984, Technology, Market Cap: $15.52 Billion): A global technology company, Lenovo is known for its personal computers, smartphones, and other tech products.
Dominos Pizza (Founded 1960, Food Service, Market Cap: $15.43 Billion): Known for its pizza delivery and takeout services, Dominos Pizza is a global leader in the fast-food industry.
Jeffries Financial Group (Founded 1985, Financial Services, Market Cap: $15.21 Billion): A global investment banking firm, Jeffries Financial Group provides a range of services, including mergers and acquisitions, equity research, and capital markets.
Hyatt Hotels (Founded 1957, Hospitality, Market Cap: $15.11 Billion): A multinational hospitality company, Hyatt Hotels operates a network of luxury hotels and resorts worldwide.
Air China (Founded 1988, Airlines, Market Cap: $15.09 Billion): The national airline of China, Air China offers domestic and international flights to numerous destinations.
Bandai Namco (Founded 1887, Entertainment, Market Cap: $14.92 Billion): A Japanese entertainment conglomerate, Bandai Namco is behind popular video games, anime, and toys.
Punjab National Bank (Founded 1894, Financial Services, Market Cap: $14.32 Billion): One of India’s largest public sector banks, Punjab National Bank provides a range of banking services.
Singapore Airlines (Founded 1972, Airlines, Market Cap: $13.96 Billion): A leading full-service airline based in Singapore, Singapore Airlines offers flights to destinations worldwide.
Coca-Cola HBC (Founded 1969, Beverages, Market Cap: $13.21 Billion): A leading bottler and distributor of Coca-Cola products in Europe and other regions, Coca-Cola HBC is a major player in the beverage industry.
Konami Holdings (Founded 1969, Entertainment, Market Cap: $13.13 Billion): A Japanese entertainment company, Konami Holdings is behind popular video games, including the “Metal Gear” and “Castlevania” franchises.
Renault (Founded 1898, Automotive, Market Cap: $12.56 Billion): A French multinational automaker, Renault is known for its cars, trucks, and other vehicles.
GameStop (Founded 1984, Retail, Market Cap: $12.17 Billion): A leading retailer of video games, consoles, and gaming merchandise, GameStop has seen a resurgence in popularity recently.
Porsche SE (Founded 1931, Automotive, Market Cap: $12.04 Billion): The holding company for the iconic German luxury car brand, Porsche SE, has been a symbol of automotive excellence for nearly a century.
Subaru (Founded 1953, Automotive, Market Cap: $11.72 Billion): A Japanese automaker, Subaru is known for its all-wheel-drive vehicles, including the Impreza and Outback.
Franklin Resources (Founded 1947, Financial Services, Market Cap: $11.29 Billion): A global investment management firm, Franklin Resources provides a range of investment products and services.
Rivian (Founded 2009, Automotive, Market Cap: $11.26 Billion): A leading electric vehicle manufacturer, Rivian produces trucks, SUVs, and other vehicles.
Coca-Cola Consolidated (Founded 1902, Beverages, Market Cap: $10.69 Billion): A leading bottler and distributor of Coca-Cola products in the United States, Coca-Cola Consolidated is a major player in the beverage industry.
Swatch (Founded 1983, Watches & Jewelry, Market Cap: $9.57 Billion): A Swiss watchmaker, Swatch is known for its colorful and affordable watches.
American Airlines (Founded 1930, Airlines, Market Cap: $9.30 Billion): One of the largest airlines in the United States, American Airlines offers flights to numerous destinations worldwide.
New York Times (Founded 1851, Media, Market Cap: $8.99 Billion): A leading newspaper and media company, the New York Times publishes news and other content across multiple platforms.
Hasbro (Founded 1923, Toys & Games, Market Cap: $8.94 Billion): A global toy and game company, Hasbro is behind popular brands like Transformers, My Little Pony, and Monopoly.
Capcom (Founded 1979, Entertainment, Market Cap: $8.91 Billion): A Japanese video game developer and publisher, Capcom is behind popular franchises like “Street Fighter”, “Resident Evil”, and “Monster Hunter”.
Paramount Global (Founded 1912, Entertainment, Market Cap: $8.16 Billion): A global media and entertainment company, Paramount Global is behind popular television networks like MTV, Nickelodeon, and Paramount Network.
Abercrombie & Fitch (Founded 1892, Retail, Market Cap: $7.16 Billion): A clothing and accessories retailer, Abercrombie & Fitch is known for its casual and preppy clothing styles.
Volvo Car (Founded 1927, Automotive, Market Cap: $6.60 Billion): A Swedish automaker, Volvo Car is known for its luxury and safety-focused vehicles.
Tata Communications (Founded 1868, Telecommunications, Market Cap: $5.97 Billion): A global telecommunications company, Tata Communications provides a range of services, including data, voice, and network solutions.

Shiba Inu Bites Into Top 10, Surpasses Global Brands in Market Cap Surge

Adding to the intrigue, Shytoshi Kusama, the visionary behind Shiba Inu, took to social media on Monday, saying, “For those baffled as to why a meme like SHIB could rally alongside the big bois… it’s time we showcased the power, technologies, and innovative thinking that led us through the bear market.”

The future of Shiba Inu, like the volatile crypto market itself, remains uncertain. Its success will depend on its ability to expand beyond its meme-coin origins and establish a strong foothold in the evolving crypto ecosystem. Regardless, its recent performance has undeniably shaken the market, making it a fascinating asset to watch in the coming weeks and months.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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