The combined digital currency ecosystem, including Bitcoin (BTC) and altcoin Shiba Inu (SHIB), has rebounded from recent losses and reached a new monthly high. Shiba Inu recovered from a sell-off and is currently trading at $0.00001309, up by 3.33% in the past 24 hours. The token experienced a volatile trend, reaching a high of $0.0000507 before dropping to a low of $0.00001234 due to a crypto liquidation trend. Shiba Inu needs to sustain its current price level to regain its lost ranking by market capitalization, as it dropped from number 15 to number 20 in the rankings. The broader market outlook and the SHIB burn impact its growth metrics, but Shiba Inu remains the second most valuable meme coin, which may drive a price uptick in the future.



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