The Shiba Inu is the talk of the town. The meme coin is now leading the meme coin pack. The upside has affected other meme coins to follow suit. The gray army praises coinage for its exponential flow. The currency reportedly saw gains worth 83%, which has led SHIB fans to hope for a dog-like race.
Sheba appreciates the value 0.00001333 USD, with gains now reduced to ~ 60%. Respectively, other meme coins rose satisfactorily. Dogecoin saw gains of around 10.92%. While Bone Shiba Swap saw a rise in 13.13% at the time of publication.
The reason for the rise of gray?
The coin saw a pump after Elon Musk shared a profile picture His pet dog with the caption “Floki Frunkpuppy”. Shiba Inu’s NFT landing on OpenSea, which was acquired by whales, also added to the momentum. true Resources It indicates that at the moment, SHIB holders have risen to 682,031.
However, sections of Internet users believe that the upside may not be a bubble. Because it offers practical possibilities like Shiba Swap. Which distinguishes it from the likes of Doji. Meanwhile, syllables open with the other end of the spectrum.
How long will the rally last?
It is noteworthy that market uncertainty can push prices in any way. Moreover, sentimental values of investors play a vital role in SHIB or any currency meme for that matter. However, previous uptrends indicate that the trend continued for a day or two. And at intervals of 12 to 15 days. Current statistics point to a similar trend for SHIB.
Collectively, the rally brought enthusiasm to the space. However, the coin must adhere to the mark of 0.0000100 dollars, so as not to fall prey to bears. We can expect a similar upward trend after the period of consolidation. Professionals believe this is a healthy trend on dog-like running.
