SHIB surpasses all coins in the top 100, is another zero about to be erased?
In the past 24 hours, SHIB price surged 21.2%, shocking the entire community, and is now priced at $0.000019. It is worth noting that among all cryptocurrencies, SHIB is the only one that has risen by more than 20% in the past day.
It is followed by Conflux (CFX), which has risen by 17.6% and ranks second.
Although SHIB's gains are impressive, bulls still have a lot of work to do to erase another zero. In October 2021, it came close to this goal, setting an all-time high of $0.000086. But currently, SHIB is still 77.7% away from its all-time high.
The rise of meme coins
Not only SHIB has performed well, other meme coins are also dominating the crypto market. Solana-based Bonk (BONK) is up nearly 17%, making it the third-largest gainer in the top 100.
Brett (BRETT), FLOKI (FLOKI), Pepe (PEPE), and Dogecoin (DOGE) are also up double-digits. Even WIF, while not up double digits, is up 9%, ahead of many of the top 10 crypto projects.
Bitcoin Rebounds to $65,000
Meanwhile, Bitcoin has also returned to $65,000, now trading at $65,393. Although September is often a poor month for Bitcoin, it has rebounded and continues to move toward profitability.