Fri, March 29

Shiba Inu (SHIB) Price Up-surges Almost 46 Percent in Two Days

Shiba Inu (SHIB) Price Up-surges Almost 46 Percent in Two Days Altcoin News
  • Shiba Inu presently has the most circulating coins (395 trillion).
  • Shiba Inu’s market worth has risen by almost 50% in the previous week.

On October 24, cryptocurrency prices remained mixed. While BTC is struggling to stay over $60K, ETH is up 2.2 percent. ADA, SOL, XRP, and DOT are all in red. Shiba Inu, the meme crypto, has just touched an all-time high.

Shiba Inu (SHIB), a Dogecoin (DOGE) spin-off token, has risen 46% in only two days. A positive trend that started on October 15 has helped SHIB token’s value soar by almost 26%. It has been trading at $0.00002796 since October 17 until breaking out to its all-time high.

Shiba Inu’s market worth has risen by almost 50% in the previous week, making it the 13th biggest cryptocurrency, only three positions below Dogecoin. Shiba Inu presently has the most circulating coins (395 trillion).

Birth of a Baby Shiba Inu

In September, when Tesla CEO Elon Musk announced the birth of a baby Shiba Inu called Floki, the token soared 40%. Over the previous week, Shiba Inu prices have been consolidating. After a substantial increase in early October, SHIB/USD started to consolidate, regressing to $0.00002.

SHIB/USDT: Source: TradingView

SHIB/USD has recently reached lower highs and higher lows, ultimately resting below $0.00003. A probable push higher later this week is indicated by Shiba Inu trading sideways below support. Shiba Inu finally broke higher yesterday, reaching $0.000035. The previous all-time high was smashed overnight, pushing SHIB/USD to $0.00004442.

According to CoinMarketCap, the SHIBA INU price today is $0.000039 USD with a 24-hour trading volume of $13,487,405,149 USD. Moreover, it has a live market cap of $15,273,310,310 USD. Also, it has a circulating supply of 394,796,000,000,000 SHIB coins.

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A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.