Meme coins burst onto the scene in early 2021 and helped kickstart the bull market after Dogecoin rallied above $0.01 to new highs while being shilled by the likes of Elon Musk and Mark Cuban.
Shortly afterwards, Dogecoin clones and other canine-themed tokens popped up to catch the wave of bullish momentum and Shiba Inu (SHIB) was one of the projects that quickly caught wind and sailed higher.
Now that Bitcoin has hit a new all-time high again, it appears that the meme tokens are ready to continue their run and this time they’re not waiting for the big-name influencers to get on board. In the last two weeks, SHIB has rocketed to new highs and befuddled cryptocurrency traders are scratching their heads as to what the exact cause is.
