Dog-themed cryptocurrency Shiba Inu (SHIB) has shown impressive momentum, rising nearly 50% in the last 24 hours and 70% over the week.
Current Performance of Shiba Inu
As of now, SHIB is trading at $0.0000271 after reaching intraday highs of $0.0002799. This surge has lifted the cryptocurrency over $0.0002169, a level that had held its price back since June.
Factors Driving the Growth
The overall bullish sentiment in the cryptocurrency market, along with strong buying pressure, has supported Shiba Inu's recent rise. The surge of Bitcoin above $80,000 has also contributed to the interest in SHIB.
Forecasts and Expert Opinions
If Shiba Inu manages to hold its recent gains, it could pave the way for further advances, increasing the chances of 'erasing a zero' from its value.
Shiba Inu is gaining spotlight, presenting potential opportunities for further growth if the current trend sustains.
