Why Are The Market-leading Shiba Inu Rising? Here’s Why!

from Dogecoin (DOGE) second most popular after meme token the one which… Shiba Inu (SHIB) continues to attract the attention of investors and the market.

Over 15% rise overnight SHIBhas increased by 34% in the last seven days.

Currently the 13th largest cryptocurrency by market capitalization, SHIB is having its best days with a price of $0.000012.

Experts assessing the possible reasons for the price increase of SHIB, this week SHIB He said that the developments on the front had a positive effect on the price.

In this context, experts say that the price of the Shiba Inu has increased. shibariumHe noted that the imminent launch of .

Because the site that tracks the operations of whales WhaleAlertShiba Inu’s top 100 Ethereum (ETH) reported that it is the most traded token among the whales.

In addition, South Korea’s largest cryptocurrency exchange Upbit The SHIB listing announced by SHIB also supported the price increase.

Experts also said that the rate of Shiba Inu burning has increased by 650% in the last 24 hours, and this rate has contributed positively to the price increase.

All these positive developments on the SHIB front are alongside SHIB. Tesla CEO Elon MuskIt was also effective in ‘s favorite Dogecoin.

In this context DOGE It increased by 11% in the last seven days and by 2.20% in the last 24 hours, rising to $ 0.0861.

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