Shiba Inu surges over 45% in two days to reach an all-time high

SHIB token's recent price increase can be linked to a continuing positive trend that began on Oct. 15 and was followed by a week-long support at around $0.00002796.
Shiba Inu (SHIB), a Dogecoin (DOGE) spin-off token, has hit an all-time high after a 46 percent price increase in just two days. During press time, the SHIB/USD trading pair was trading at $0.00003941.
SHIB token's recent price increase can be ascribed to an ongoing bullish trend that began on Oct. 15 and helped the cryptocurrency's value rise by more than 26 percent. SHIB has held week-long support at around $0.00002796 since Oct. 17 before starting its bull run to its all-time high.
Shiba Inu's market value has increased by more than 50% in the last seven days, and it is now the 13th largest cryptocurrency in terms of market capitalization, just three spots below Dogecoin. Shiba Inu now has the largest circulating quantity of almost 395 trillion coins. The Dogecoin-inspired token rose 40% in September when Tesla CEO Elon Musk tweeted about the birth of a new Shiba Inu dog named Floki. Shiba Inu (SHIB), a Dogecoin (DOGE) spin-off token, has hit an all-time high after a 46 percent price increase in just two days. During press time, the SHIB/USD trading pair was trading at $0.00003941.
SHIB token's recent price increase can be ascribed to an ongoing bullish trend that began on Oct. 15 and helped the cryptocurrency's value rise by more than 26 percent. SHIB has held week-long support at around $0.00002796 since Oct. 17 before starting its bull run to its all-time high. Shiba Inu's market value has increased by more than 50% in the last seven days, and it is now the 13th largest cryptocurrency in terms of market capitalization, just three spots below Dogecoin. Shiba Inu now has the largest circulating quantity of almost 395 trillion coins. The Dogecoin-inspired token rose 40% in September after Tesla CEO Elon Musk tweeted about the arrival of a new Shiba Inu puppy called Floki..