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Shiba Inu (SHIB) has seen a massive surge in trading activity this week, with its trading volume in the last 24 hours hitting an impressive $1.46 billion, equivalent to 74 trillion SHIB, according to data from CoinMarketCap.
Memecoin supercycle seems far from over after the recent altcoin surge.
Dog-themed cryptocurrency Shiba Inu surpassed the $0.00002 price point for the first time since mid-June during Friday's trading session, reaching highs of $0.00002169. Bulls attempted to extend Shiba Inu's four-day surge in Saturday's trading session with price reaching highs of $0.00002146.
A well-known crypto expert, Unipcs aka the Bonk Guy, in a recent X post noted that Shiba Inu has just hit a 3-month high. He speculates that meme-based tokens, like Shiba Inu, will insanely surge in the coming weeks. Shiba Inu's price pumped to a three-month high yesterday.
As Bitcoin broke the $65,000 barrier, altcoins like SHIB, W, and SEI rallied, fuelled by bullish market sentiment.
The pseudonymous social media marketing lead of the SHIB team known to the community as Lucie has boasted another milestone reached by Shiba Inu. This time, it was featured by fund management giant Grayscale in its weekly report.
SHIB has been skyrocketing lately, adding 42% of value in a week.
"While theoretically possible, several factors would have to align to achieve such a substantial jump before the end of 2024," the chatbot estimated.
Data shows metrics related to Shiba Inu have seen rapid growth alongside the meme coin's 34% surge, a potential sign that FOMO is developing among investors. Shiba Inu Has Seen An Uptick In Activity With Its Latest Rally In a new post on X, the analytics firm Santiment has discussed how the various indicators related to Shiba Inu have looked while its price has shot up 34% over the past week.
Shiba Inu is experiencing a notable price breakout, surging over 19% and positioning itself toward the critical resistance level of $0.00002631. This significant rally indicates a shift in market momentum, characterized by robust buying pressure and increased trading volume.
Shiba Inu (SHIB) price, a popular meme coin, has recently experienced a significant rise. Currently, SHIB is trading along an upward trajectory.
Bitcoin's break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing.
Shiba Inu has surged over 20%, nearing a key resistance level and drawing increased market attention.
The various developments in the Shiba Inu ecosystem have aligned very well with the market movement. As soon as Bitcoin started moving up since September 26, Shiba inu started rising shoulder to shoulder. In the last two days, Shib has surged over 45%. But why is it falling now, let's analyze.
A skilled cryptocurrency trader has reportedly made a substantial profit of $392,200 by investing early in MOODENG (CRYPTO: MOODENG), a meme coin inspired by Moo Deng, the adorable baby hippo that has recently taken social media by storm. What Happened: According to data from Lookonchain, the trader entered the MOODENG market when its capitalization was a mere $70,000.
SHIB's algorithmic stablecoin is now on the horizon as the community pursues Ryoshi's decentralization quest.
Dogecoin's (DOGE) ascent to become the top meme cryptocurrency was inspired by the token's meteoric rise during the 2021 bull market, and now there are chances that Shiba Inu (SHIB) might follow suit.
The meme coin market is heating up again, with Shiba Inu (SHIB) seeing a 20% price jump since yesterday. Not to be outdone, the Boy's Club-inspired duo, Brett (BRETT) and Pepe (PEPE), aren't far behind – racking up some impressive gains of their own.
The market conditions for a possible breakout toward the $0.00002 price level have been created by Shiba Inu's notable recovery. Investors and traders should monitor three crucial price levels as SHIB gains traction, in order to predict its next move.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices have surged by 10% and 22% in the last 24 hours, respectively. These price surges are thanks to developments on the macro side and these meme coins' fundamentals, which provide a bullish outlook for them.
Despite concerns about an overheated market, Shiba Inu's (SHIB) price continues to hit a higher value and has increased by 32.50% in the last seven days. On Monday, September 23, SHIB's price was $0.000014.
The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserve's first interest rate cut in more than four years. The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June.
Shiba Inu has jumped by 14% in the past 24 hours, with the SHIB price moving to $0.00001958 on a day when the market as a whole has gained by only 1%.
Meme coins have somehow managed to make headlines throughout Q3 despite the rest of the market remaining subdued.
