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Shiba Inu Leads Crypto Meme coin Rally with a Huge 30% Spike Over The Weekend

SHIB reached new heights with $3.41 billion in trading volume during the last 24 hours. This is the highest level since May....
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SHIB reached new heights with $3.41 billion in trading volume during the last 24 hours. This is the highest level since May.

The weekend didn’t see the top “meme coins”, with both Shiba Inu and Dogecoin seeing significant gains on Sunday.

According to CoinMarketCap Shiba Inu rose more than 30% by midday according to CoinMarketCap . It rose from $0.00001516 early in the morning to $0.00001774. The trading volume for the past 24 hours was $3.41 billion. SHIB currently stands at $0.00001671.

After a meteoric increase of $0.000007911 in less that a month, SHIB reached its all-time record high of $0.00008 on October 2021.

According to CoinMarketCap, Dogecoin rose by nearly 8% from $0.0771 up to $0.0838 in the same time frame.

In June, DOGE traded above $0.08 for the last time. The coin’s fans are keen to see it reach $0.10 even though it traded at $0.18 at its beginning and $0.34 at the end of last year.

These two coins have fought for the leading market capital in recent months. It hovers around $10 billion today.

Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".
Elena Argyros

Elena Argyros

Elena is cryptocurrency writer / journalist based in Europe. She has extensive knowledge in the crypto space and is a solidity programmer by trade. Elena has built an extensive resume working with some of the most ground breaking blockchain firms. Being in Europe, Elena has amassed a large network of professionals in the space and states "The technology behind blockchain is going to impact everyone on earth in a good way, once you get to understand it".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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