🚀🚀 Bitcoin lovers, let's talk about Shiba Inu (SHIB)! This meme coin has been making waves, with a 16% daily rise, and a market cap of $16.9 billion, making it the 11th largest cryptocurrency! 🎉

SHIB, the self-proclaimed Dogecoin-killer, has been outperforming other meme coins with its trading volume in the past 24 hours reaching nearly $1.9 billion! 💸💸

But what's driving this surge? Two key factors: the project’s burning mechanism and the advancement of its layer-2 scaling solution – Shibarium. The burn rate exploded by almost 600% a week ago, resulting in almost 10 million tokens destroyed, making SHIB scarcer and potentially more valuable! 💥

Shibarium, aiming to lower transaction fees and improve speed, has made great strides since its launch last summer, surpassing the 400 million mark in terms of total transactions. 🚀

Despite the surge, SHIB remains the second-biggest meme coin, trailing behind Dogecoin (DOGE), which has a market capitalization of over $24 billion. So, while we're all about the BTC, it's worth keeping an eye on these meme coins! 🧐🧐