SHIBA INU ($SHIB), the tenth-largest cryptocurrency broke many records last night as it set a new all-time-high (ATH) of $0.00008845. $SHIB not just surpassed the market cap of Dogecoin ($DOGE) during its mammoth rally, it also managed to climb to the seventh spot overtaking XRP briefly. However, the altcoin has started to show signs of wear down. The price retraced nearly 50% from ATH earlier this morning falling to the sub $0.000057 level.
$SHIB has started to show signs of recovery again as it managed to climb back above $0.000065 at the time of writing. The altcoin came close to erasing another zero from its price before the price slump began.
Source: TradingView
Over the past 24-hours, the SHIBA INU frenzy took social media by storm, generating one million tweets for the meme currency. October turned out quite auspicious for the altcoin as it managed to mimic a similar rally to that of $DOGE in May, rising nearly 1000% for the month.
SHIBA INU Up by 60,000,000% in 2021
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