Shiba Inu (SHIB) exploded by more than 22%, and other memecoins also followed suit

Shiba Inu (SHIB) has long been a trendsetter when it comes to memecoins, and alongside Dogecoin, the two cryptocurrencies set the tone for a whole new market that can no longer be ignored.

  • The whole market is in the green throughout the past 24 hours as Bitcoin’s price taps $43K in an interesting turn of events as of late.
  • Shiba Inu (SHIB), however, surprised the market today with a massive surge upwards of 22%.
  • This brings the total gains of the cryptocurrency to more than 34% for the past seven days, and it is now trading at around $0.00002764.
  • The last time the cryptocurrency traded at these prices was back on January 18th this year.
  • Another interesting thing to note is that SHIB’s meteoric rise over the past 24 hours also brought many other memecoins up.

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