Shiba Inu (SHIB) has captured attention today with a sharp 13% increase, pushing the token to its highest level in eight months.
Shiba Inu (SHIB) has grabbed attention today with a sharp 13% increase, pushing the token to its highest level in eight months. The rally reflects Shiba Inu’s enduring popularity and its ability to perform strongly during favorable market conditions.
After a strong showing last week, SHIB price opened the new week with a further 13.18% gain, reaching a local high of $0.00001366. The token has now rallied 43% from last week’s lows around $0.0000094, and is up 23% for the month to date.
Shiba Inu Price Chart on Investing.com
Shiba Inu’s recent surge demonstrates it still has a strong impact, fueled by market enthusiasm and the allure of meme coins. The token's massive 45,000,000-coin burn rate surge also contributes to its enduring appeal among traders.
Shiba Inu is now ranked 14th among cryptocurrencies, with a market capitalization of $7.3 billion. The token's 13% gain also outpaces the broader cryptocurrency market, which is seeing a mixed session with slight gains for some top coins and losses for others.
Our Standard: InvestingCube's editorial policy is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
