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Shiba Reaches All-Time Following a Price Surge More Than 46%
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blockchain.newsShiba Inu (SHIB) reached an all-time high over the weekend, following a price surge of more than 46% in just two days to become the 11th-biggest cryptocurrency by market value.
SHIB was up 50% in the 24 hours through 10:10 am New York time on Sunday, according to data from CoinGecko.com, and reached a record earlier in the day, Bloomberg reported.
The SHIB/USD trading pair was also valued highest at $0.00003941 during press time.
The altcoin’s value has rallied by more than 26% by the latest price jump, which was attributed to an ongoing bullish trend from Oct 15.
Since Oct 17, SHIB maintained week-long support at roughly $0.00002796 before resuming to bull run to its all-time high.
SHIB, a spin-off to Dogecoin (DOGE) token, has gained
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