Shiba

Momentum

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-coin-climbs-to-top-weekly-performance" rel="noopener noreferrer nofollow">Shiba Inu Coin Climbs to Top Weekly Performance</a><br></p>
<p style="text-align: justify">The Shiba Inu <a href="https://en.bitcoinhaber.net/the-dawn-of-digital-currency-bitcoins-emergence-post-2008-crisis" rel="noopener noreferrer nofollow">cryptocurrency</a> demonstrated resilience against broader market downturns, reaching the week’s highest price point. Contrary to the typical trend observed in March, where other meme-based digital currencies saw larger gains, Shiba Inu’s increase was more modest. Investors are keeping a watchful eye on the coin, speculating on its potential market movements and the reasons behind its recent upward trajectory.</p>
<h2 id="market-momentum-for-shiba-inu">Market Momentum for Shiba Inu</h2>
<p style="text-align: justify">Trading at $0.00003004 with a 17% uptick over the past week, Shiba Inu achieved a peak of $0.00003154 before stabilizing. Currently, the coin boasts a $17.8 billion market cap, securing the 11th spot in market rankings, and shows a $1.767 billion trading volume over 24 hours. Despite the slight increase in market value, its trading volume has seen a reduction today. Yet, today’s value represents one of Shiba Inu’s strongest in the last two years, with a significant 210% jump over the last month.</p>
<h2 id="the-surge-behind-shiba-inu-s-success">The Surge Behind Shiba Inu’s Success</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-scales-new-heights-as-market-momentum-sustains" rel="noopener noreferrer nofollow">Bitcoin</a>‘s surge past $70,000 has sparked a rally among altcoins, including a notable uptick in meme coin valuations. Shiba Inu, in particular, has seen a 50% increase in large transaction activities, with total transactions surging by 516%. This jump indicates a shift from 4.79 trillion to 7.23 trillion in transaction volume.</p>
<p style="text-align: justify">A noteworthy aspect of this increase includes 539 transactions each exceeding $100,000, contributing to Shiba Inu’s price momentum. Among these, one significant transaction that involved the transfer of $62 million worth of Shiba Inu to a mysterious wallet linked with the Kucoin exchange sparked interest and speculation within the cryptocurrency community.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-coin-climbs-to-top-weekly-performance" rel="noopener noreferrer nofollow">Shiba Inu Coin Climbs to Top Weekly Performance</a></h5>

Shiba Inu Coin Climbs to Top Weekly Performance

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