Shiba Inu leads the markets over the past 24 hours. SHIB exploded by more than 22%, and other memecoins also followed suit.
Shiba Inu (SHIB) has long been a trendsetter when it comes to memecoins, and alongside Dogecoin, the two cryptocurrencies set the tone for a whole new market that can no longer be ignored.
The whole market is in the green throughout the past 24 hours as Bitcoin’s price taps $43K in an interesting turn of events as of late.
Shiba Inu (SHIB), however, surprised the market today with a massive surge upwards of 22%.
This brings the total gains of the cryptocurrency to more than 34% for the past seven days, and it is now trading at around $0.00002764.
SHIB/USDT. Source: TradingView
The last time the cryptocurrency traded at these prices was back on January 18th this year.
Another interesting thing to note is that SHIB’s meteoric rise over the past 24 hours also brought many other memecoins up.
Dogecoin is up about 6.5% and is ahead by three spots by means of total market capitalization, sitting at number 11.
Teddy Doge (TEDDY) – one of the trending searches on CoinMarketCap – is up 31% at the time of this writing.
Floki Inu (FLOKI) is up 14%, which is the same as another copycat – Floki One.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
