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

  • Aug 15, 2022, 02:25 UTC
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. 

mc
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.

Disclaimer
All articles published on Coinmash are strictly for informational purposes only. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions. Read our disclaimer to learn more.

Author

James Satoshi
James Satoshi
James is a leader in Web3, NFTs, & DeFi with over 4 years of experience in the industry. You'll spot him covering all topics through-out Coinmash in our guides and analysis sections.