Shiba Inu and other memecoins are experiencing significant price increases in the past week. According to CoinMarketCap, Shiba Inu ($SHIB) is up 317.47% in 7 days and currently priced at around $0.000043. The increase in Shiba Inu prices marks the highest level it reached since 2022, when it was priced at around $0.000033.
Shiba Inu Daily Trading Volume Also Up 300%
In the last 24 hours, the trading volume of Shiba Inu ($SHIB) surged to $12,638,719,098, marking a significant increase of 303.70% from the previous day. This substantial growth signals a recent uptick in market activity.
Shiba Inu Weekly Performance
With a price increase of 324.60% in the last 7 days, Shiba Inu ($SHIB) is outperforming the global cryptocurrency market which is up 16.90%, while outperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
Shiba Inu Market Cap
The market capitalization of Shiba Inu (SHIB) stands at $25,068,435,814, securing it the #11 spot on CoinGecko as of today. This valuation is achieved by multiplying the current price of SHIB tokens by their circulating supply, with 590 trillion tokens available for trading on the market today.
RFK Jr.'s Support Elevates Shiba Inu (SHIB) Popularity
RFK Jr., a prominent candidate in the US presidential race, has endorsed Shiba Inu, a gesture that has significantly impacted the cryptocurrency community. Shytoshi Kusama, in a social media announcement, shed light on RFK Jr.'s alignment with the Shiba Inu project.
This endorsement was notably visible at the ETHDenver 2024 event, where RFK Jr. and Russ Davis of “In Russ We Trust Crypto” were seen wearing Shiba Inu badges, demonstrating their support for the SHIB Army.
Read Also:
Bitrue Official Website:
Website: https://www.bitrue.com/
Sign Up: https://www.bitrue.com/user/register
Website: https://www.bitrue.com/
Sign Up: https://www.bitrue.com/user/register
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.