CandleFocus

SHIB price rockets 10% as Shiba Inu adds $1 billion in a day

Shiba Inu (SHIB) has experienced a rally, increasing over 10% in the past 24 hours, making it the second-best daily performer. It has also gained $1 billion in market capitalization during this time. The rally may be due to its positive performance in October historically, as well as recent upgrades to its ecosystem and the anticipation of the launch of "Shib the Metaverse." Crypto expert analysis suggests that SHIB's corrective phase may be ending, with a potential price breakout in the next few months. However, the volatile nature of the crypto market means that conducting thorough research and staying updated with SHIB news is crucial when investing.

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