According to data provided by analytics platform CoinGecko, the meme cryptocurrency Shiba Inu (SHIB) is currently outperforming all tokens in the top 100 by a wide margin. The price of SHIB has surged by 21.2% in the past 24 hours, shocking the community. It is currently trading at $0.000019. Notably, SHIB is the only cryptocurrency to have gained more than 20% in the past 24 hours.
Conflux (CFX), the native token of the Conflux Network, surged 17.6% to take second place.
While the price surge is impressive, bulls still have a lot of work to do to erase another zero. SHIB came close to achieving this goal back in October 2021, when it reached its current all-time high of $0.000086. The meme token is currently down 77.7% from its all-time high. Meme Coin Dominance SHIB is far from the only meme coin that has performed well recently. In fact, the Coingecko top 100 is currently absolutely dominated by this sector of the cryptocurrency market.
Solana-based meme coin upstart Bonk (BONK) is currently up nearly 17%. This makes it the third best performing cryptocurrency in the top 100. Brett (BRETT), FLOKI (FLOKI), Pepe (PEPE), and Dogecoin (DOGE) all saw double-digit price gains.
Although dogwifhat (WIF) failed to make it into the double-digit club, its price still rose by 9%. This puts it ahead of almost all crypto projects in the top 10. Bitcoin Reclaims $65,000 Meanwhile, Bitcoin has reclaimed the $65,000 level and is currently trading at $65,142. The flagship cryptocurrency has managed to defy the odds and is on track to post a profit despite September tending to be Bitcoin’s worst month.
Now, the cryptocurrency community has begun to focus on "Uptober". Historically, the cryptocurrency market tends to outperform other markets in the fourth quarter.#ShibNews#Meme Cryptocurrency
