Notably, in the wake of $BTC
hitting a new ATH recently, market sentiments of Shiba Inu to #ATH. also prevail across the broader industry as the cryptocurrency sector soars unprecedentedly post-U.S. elections. SHIB price traded at $0.00002901 at press time, up nearly 16% in the past 24 hours. Further, the coin’s weekly gains totaled 65% at the time of reporting. Overall, the meme coin shows signs of a bull run, driven by increased market interest in the asset.
Also, the Shiba Inu burn rate soared whoppingly yesterday due to nearly half a billion coins being destroyed. This bullish metric further aligns with the token’s sustained intraday price upswing.
Additionally, a recent $SHIB
price analysis by CoinGape Media indicated that the meme coin’s rally isn’t over yet, with more pumps in the pipeline. Given the coin sustains an upward movement, beating the $0.000028 and $0.000046 barriers, an ATH also remains within reach. Crypto market enthusiasts continue to eye the token for further bullish shifts in the wake of the latest market stats.
