The cryptocurrency Shiba Inu (SHIB) experienced a surge in price, surpassing the $0.00002 level for the first time since mid-June. The price reached highs of $0.00002169 and continued to rise in the following trading session, reaching highs of $0.00002146. This has generated excitement within the SHIB community and has led to increased interest in the Shiba Inu ecosystem. Shiba Inu's on-chain activity has also increased significantly, and discussions around the project and related projects like Shibarium have soared. However, analysts suggest that traders should wait for strong bullish narratives to subside slightly before expecting Shiba Inu to surpass its previous year-high. At the time of writing, SHIB is up 1.16% in the last 24 hours and 40% weekly, with Shibarium TVL reaching new all-time highs of $7.03 million.



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