TL;DR
Shiba Inu’s price surged by almost 7% amid a broader market rally and optimism for a significant bull run ahead of the Bitcoin halving.
The meme coin sector’s revival, including SHIB, is marked by substantial gains and an increase in investor profits (at least on paper).
Catching The Green Wave
The price of the popular meme coin – Shiba Inu (SHIB) – finally managed to escape the consolidation levels it has been hovering for the past several weeks. It soared by almost 7% in the last 24 hours, whereas its market capitalization surpassed the $6 billion mark for the first time since mid-January.
SHIB Price, Source: CoinGecko
The token’s upswing coincides with an overall market resurgence, with Bitcoin (BTC) and Ethereum (ETH) tapping multi-year highs of approximately $56,700 and $3,200 (respectively). The global cryptocurrency market capitalization currently stands at more than $2.2 trillion, around $800 billion away from the ATH recorded in November 2021.
Numerous indust
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