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Could Shiba Inu Coin Come Back and Reach New Highs?

The Shiba Inu coin has been gaining a lot of popularity in the cryptocurrency world lately.

Its price has increased by nearly 250% this month, attracting the attention of many crypto enthusiasts.

However, it has recently experienced a slight decline of about 5%. Looking at its performance over the past week, it has been fluctuating without a clear trend, recently falling by around 3.94%, indicating a period of relative stability.

Last month, the price of the Shiba Inu coin varied between $0.000009 and $0.000044.

Overall, it showed an upward trend, increasing by more than 230%. Currently, the market cap of Shiba Inu stands at approximately $18.06 billion, making it the 10th largest cryptocurrency.

Despite this, trading activity fell by 31% in the last day, with total transaction volume reaching $1.67 billion.

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