CandleFocus Shiba Inu Market Cap Surges 43%, Reclaiming $11 Billion After September Drop
2024-10-18
Author: Content Editor
The market cap of Shiba Inu (SHIB) has increased by over 43% in a month to reach $11 billion, after dropping to $7.5 billion in September. Shiba Inu has evolved from a meme coin to a valuable asset in the crypto space with real-world utility. It now sits at the 13th spot, outperforming projects like Chainlink, Polkadot, and Uniswap. However, its current market cap is down over 70% from its peak during the 2021 bull run when it reached $37.81 billion. Analysts believe that SHIB's market cap and price could continue to rise, citing positive developments in the Shiba Inu ecosystem and technical analyses predicting significant uptrends. Currently, SHIB is trading at $0.00001883.
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