Shiba Inu Records a 36.5% Surge in SHIB Price, Market Cap Reaches $8 Billion: Will Shiba Inu Replicate its 2021 Performance?
Shiba Inu has experienced a remarkable surge of 36.5% in the last 24 hours, surpassing the growth of other assets and attracting attention in the current crypto boom. In addition, its market cap has now surpassed $8 billion, and its trading volume is outperforming major altcoins such as ADA, LINK, and LTC.
Amidst this excitement, there is speculation about a potential 800% surge in the coming week, reminiscent of its impressive performance during the 2021 bull run.
Over the past 24 hours, Shiba Inu’s price has surged by an outstanding 36.6%, riding the positive trend in the overall crypto market. This surge has lifted its market cap to over $8 billion, reaching a level not seen since May 2023. This marks a significant doubling of its market cap from the lows witnessed in November.
At the same time, Shiba Inu’s trading volume has skyrocketed to approximately $1.5 billion in the last 24 hours, surpassing major altcoins like Cardano, Chainlink, and Litecoin. Even Cardano, ranked 8th, trails behind with $1.38 billion, Chainlink (12th) follows with $1.33 billion, and Litecoin (19th) lags behind at around $1 billion.
Adding fuel to the speculation, a Shiba Inu ecosystem marketing specialist named Lucie tweeted about the potential surge in SHIB’s price, citing historical data. Lucie highlighted how $SHIB experienced an 800% leap in just one week during the 2021 bull run.
With Shiba Inu currently priced at $0.00001340, Lucie’s tweet has sparked curiosity about the coin’s growth potential.
If the speculated 800% surge occurs, Shiba Inu could reach $0.0001206, eliminating one zero and setting a new record. Past data suggests that such shifts could unfold in the upcoming weeks.
The trajectory of Shiba Inu in the crypto world is one to watch, and the coming weeks will reveal whether it can replicate its historic ascent.
Do you think Shiba Inu is a good investment opportunity with its recent rise in trading volume? Let us know your thoughts!