On October 24,elon musk dogecoin investment 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/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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