SHIB made a strong breakthrough and jumped to the top of the top 100 cryptocurrency rankings, triggering heated market discussions. Whether it is about to erase another zero from the price has become the focus. In the last 24 hours, the price of SHIB soared by 21.2% to reach $0.000019. Its increase was so fierce that it ranked first among all cryptocurrencies and was the only currency with an increase of more than 20%.
Despite SHIB's stellar performance, it will still take a huge effort from the market's bulls to achieve its goal of erasing another zero from the price. Looking back at history, SHIB was close to this milestone in October 2021, when its price was as high as $0.000086, but currently there is still a 77.7% gap to be filled.
At the same time, the overall rise of Meme coins is also a highlight of the current encryption market. In addition to SHIB, others such as Solana-based Bonk (BONK) also performed well, with an increase of nearly 17%, ranking third on the top 100 gainer list, following SHIB and Conflux (CFX). Brett (BRETT), FLOKI (FLOKI), Pepe (PEPE) and the classic Dogecoin (DOGE) also recorded significant double-digit gains. Even WIF, which grew slightly less, achieved a growth of 9%, surpassing many of the top 10 crypto projects.
In addition, the performance of Bitcoin is also worthy of attention. It successfully returned to the $65,000 mark and the current price is $65,393. Although September is traditionally regarded as a weak month for Bitcoin, Bitcoin still shows strong rebound momentum and continues to move towards profitability.
