Shiba Inu (SHIB) Price Increase 25%, Outperforming Dogecoin (DOGE)

Over the last 24 hours, the Shiba Inu token has increased by over 25%. Its trade volume has also increased by 244%, reaching $2.7 billion. It is now the sixth most traded cryptocurrency, trailing only Tether, Bitcoin, Ethereum, Bitcoin Cash, and Binance USD. Shiba Inu is ranked third on Coinbase, the largest cryptocurrency exchange in the United States.

Shiba Inu has risen to 14th place in terms of market capitalization, ahead of Polygon, as a result of the recent price increase (MATIC). While the meme coin’s recent price increase has been remarkable, it is still down 67.47% from its all-time high. Nonetheless, the Dogecoin rival has increased by 72% since its multi-month low of $0.00001704.

Bitcoin reached a high of $43,000 earlier today, up 30.5% from its previous low of $32,950. It is down 37.95% from its all-time high.

Ethereum, Binance Coin, Cardano, Solana, and other prominent cryptocurrencies are up. XRP is risen around 10% in the last 24 hours.

After topping $3 trillion in November, the total market value of the cryptocurrency industry is presently approaching $2 trillion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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