Shiba

Polkadot

April

Shiba Inu

Chainlink

<p>The crypto market witnessed an explosive surge last week, pushing crypto prices to new levels. Meme coins, particularly Shiba Inu, have <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-recovery-0-00001/">reaped significant benefits</a> from this market surge. At the time of writing, SHIB has carried over its gains from the previous week into the current week and is currently on a 175% increase in the past seven days. Interestingly, this surge saw SHIB breaking into the top 10 crypto by market cap last week as it outperformed most altcoins.</p> 
<h2 id="shib-blasts-with-a-175-surge">SHIB Blasts With A 175% Surge</h2> 
<p>Shiba Inu’s ecosystem (spearheaded by SHIB) is one of the fastest-growing communities in the crypto industry. The meme cryptocurrency has come a long way in a short time from its days as a cryptocurrency fueled by hype. Despite <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-9-35-billion-shib-burn/">constant SHIB burns</a> and <a href="https://bitcoinist.com/shiba-inu-marketing-lead-announces-massive-85-million-shib-rewards-for-stakers/" rel="nofollow">updates to</a> the ecosystem, SHIB largely underperformed in December and January, prompting community members to <a href="https://bitcoinist.com/shiba-inu-community-questions/" rel="nofollow">call for swift and better action</a> from team members.&nbsp;</p> 
<p>Things have taken a turn for the better since early February, as SHIB and other tokens in the SHIB ecosystem have recorded strong gains across the board.&nbsp;</p> 
<p>The price of SHIB <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-just-ballooned-to-124-whats-pushing-the-price-up/">spiked </a>by over 180% at one point in the past few, pushing it over the $0.00002 price level since April 2022. This impressive performance saw it <a href="https://bitcoinist.com/whale-abandons-massive-pepe-position-for-shiba-inu-how-much-shib-did-they-buy/" rel="nofollow">breaking ranks</a> and overtaking Chainlink (LINK), Tron (TRX), and Polkadot (DOT) in market cap rankings. It’s important to note that these altcoins have also witnessed gains amid a wider influx, with Chainlink, Tron, and Polkadot currently up 10%, 2%, and 27% respectively in the past seven days.</p> 
<p>SHIB’s recent gains have also flowed into other tokens in the Shiba Inu ecosystem. BONE, for instance, is currently up by 70% in the past 30 days. LEASH is also up by 112% in the past 30 days. SHIB has also outperformed DOGE, which itself has posted a massive 94% gain in the past seven days.</p> 
<h2 id="what-s-next-for-shib">What’s Next For SHIB?</h2> 
<p>SHIB’s recent performance seems long overdue for its fervent holders, and it isn’t showing any sign <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-see-a-2100-run/">of stopping soon</a>. Lookonchain <a href="https://x.com/lookonchain/status/1763764944682828123?s=20" rel="nofollow">recently called attention</a> to a whale who made $2.5 million as a result of the price surge.</p> 
<p>According to <a href="https://www.coinglass.com/BitcoinOpenInterest" rel="nofollow">data </a>from Coinglass, open interest in active perpetual futures contracts tied to SHIB is now over $100 million for the first time since August 2023.</p> 
<p>SHIB is still 66% down from its all-time high, but it faces virtually no resistance until it reaches $0.000032. A sustained move above $0.000027 could send SHIB skyrocketing to $0.000032 for the first time in over two years.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/W3twtICE/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1530"></p>

Shiba Inu Blasts Into Top 10 Crypto Following 175% Price Surge

Table of Contents

NewsBTC

Other articles published on Mar 4, 2024

Cardano Up More Than 9% In 24 hours

Bullish Bitcoin Prediction from Peter Brandt: ‘Broken Clock Right Twice Each Day’

Amount of Bitcoins on Exchanges Reaches Multi-years Low

Can JasmyCoin (JASMY) Hit a ‘Multibillion’ Dollar Market Cap? Experts Remain Bullish But…

NFTs Attempt A Rebound Amid Crypto Frenzy – Daily Trading Sales Volume Jumps 13%

Bitcoin Climbs to Fresh Heights as Market Speculates on Investment Timing

Join our free newsletter for daily crypto updates!