- US politician Shannon Bray highlights the distinctive performance of Shiba Inu (SHIB) compared to Ethereum (ETH).
- Bray emphasizes the independent growth of SHIB and its ability to decouple from the price movements of ETH.
US politician Shannon Bray continues to express bullishness for Shiba Inu (SHIB), highlighting its distinctive performance compared to Ethereum (ETH). In a recent tweet, Bray shares screenshots of price graphs for SHIB and ETH, pointing out the intriguing pattern where SHIB deviates from its usual correlation with ETH.
Bray notes that SHIB and ETH typically move in lockstep, meaning their prices tend to be synchronized. However, the politician expresses excitement when SHIB demonstrates independent growth, decoupling from the performance of Ethereum. By showcasing instances where the price graphs of SHIB and ETH diverge, Bray provides evidence for his continued belief in Shiba Inu’s potential.
The comparison of the price graphs suggests that Shiba Inu has the ability to stand out in the crypto market. While Ethereum experiences negative growth in certain periods, the SHIB graph shows positive momentum, indicating the unique performance of Shiba Inu.
Shannon Bray also highlights Shiba Inu’s widespread availability in a separate thread. He emphasizes that SHIB is listed on Robinhood, a popular trading platform, and is present on every major exchange. Bray argues that this accessibility sets Shiba Inu apart from other sensational cryptocurrencies. He suggests that when the crypto market experiences turbulence, the SHIB community leverages its strength and the coin’s broad market presence to ride the wave.
Conclusively, Bray notes that Shiba Inu currently ranks as the 17th largest cryptocurrency by market cap. Although SHIB had fallen to the 19th position last week when its market cap dropped below $4 billion, it has since reclaimed the $4 billion mark and surpassed Avalanche (AVAX) and Wrapped Bitcoin in market cap ranking.
The distinctive performance of Shiba Inu, as highlighted by Shannon Bray, showcases its potential for independent growth and its ability to differentiate itself from Ethereum in the crypto market.