What is Shiba Inu climbing today?

2 min of reading

Shiba Inu (CRYPTO: SHIB) was trading 4.29% higher at $ 0.00003911 in the 24 hours leading up to Sunday night.

What has happened

The self-styled “Dogecoin killer”(CRYPTO: DOGE) is down 10.41% during the week.

SHIB fell 1.5% against Bitcoin (CRYPTO: BTC) and was down 2.44% vs. Ethereum (CRYPTO: ETH) within 24 hours.

During the last 30 days, SHIB has decreased by 47.4% but increased by 476.31% in a period of 90 days.

The coin meme It hit an all-time high of $ 0.00008845 at the end of October and is currently trading 55.72% below that level.

Because it is important

SHIB’s 24-hour appreciation was more pronounced than rival DOGE at press time. DOGE was up 2.34% during the period.

Major currencies rallied Sunday night after falling sharply over the weekend, which was plagued by fears related to the Omicron variant of Covid-19. The global market capitalization of cryptocurrencies had risen 5.38% to $ 2.57 trillion at the time of publishing this article.

Shiba Inu weathered Friday’s cryptocurrency crash relatively better than rival cryptocurrency DOGE and other major currencies.

SHIB was mentioned in 2,694 tweets compared to 4,185 tweets in which DOGE was mentioned at the time of publication, according to Cointrendz data.

The three most mentioned currencies were BTC, ETH, and Solana, which recorded 10,354, 6,497, and 4,769 tweets, respectively.

SHIB remains ahead of DOGE in terms of Twitter mentions in November and has been the second most mentioned coin this month, according to data shared by the CryptoRank platform on Twitter.

Since then, SHIB has been boosted by a series of recent events. On Sunday, it was announced that David Volk, former vice president of technology at Activision Blizzard Inc (NASDAQ: ATVI), will partner with the project to develop a game of tokens not expendable or NFT and it will have something to do with the metaverse.

The technology retailer Newegg Commerce Inc (NASDAQ: NEGG) confirmed on Twitter over the weekend that it was adding SHIB. The company already supports BTC and DOGE as payment options.

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