-Shiba Inu Price Outlook: $0.00004 in sight

as SHIB joins Dogecoin in the crypto top

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Shiba Inu (SHIB) is among the top performers in the meme coin sector on Monday, rallying alongside its peers, including Dogecoin (DOGE), Pepe (PEPE), Bonk Inu (BONK) and Floki Inu (FLOKI). It comes amid an ongoing meme coin mania, with sector tokens posting double-digit gains on the daily time frame and triple-digit gains on the weekly time frame

- Memecoins market capitalization exceeds

$50 billion, above NFTs, DeFi sector

Meme coins are the current mania in the market, with sector tokens posting double-digit gains, which is well above the gains seen in other sectors. It comes after eight months of horizontal consolidation, from April 2023 into the beginning of 2024. However, with the Bitcoin (BTC) season peaking, growing consolidation has Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Floki Inu (FLOKI), among others, mooning.

#SHIB $DOGE #TrendingTopic #Meme #BullRally #crypto_opinionist