Shiba Inu [SHIB] price soars 44% on the week taking the 12th spot over Avalanche

Shiba Inu [SHIB] price soars 44% on the week taking the 12th spot over Avalanche

The beloved meme coin Shiba Inu (SHIB) is making a comeback, taking over the 12th spot for market capitalization alongside Dogecoin (DOGE) at the 10th spot. 

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Source: CoinMarketCap

Shiba Inu has seen a recent spike in volume with new money being poured into the meme economy. Altcoin and dog-related coins could be seeing another run in the next few months if the momentum continues. 

SHIBUSD 2022 08 15 12 05 59
Source: TradingView

Shiba Inu has already surpassed resistant levels at $0.00001208 and is heading to previous resistant levels of $0.000022. If Shiba Inu continues the trajectory towards $0.00002 we could see the coin making a return to previous level highs of $0.00002748 in the coming months.

Shiba Inu is priced at $0.0000172 and is up 44.15% on the week at the time of writing.

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