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

Disclaimer: The opinion expressed in this article is opinion only and should not be taken as financial advice. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions.

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. 

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.

All articles published on Coinmash are strictly for informational purposes only. Any action that is taken from reading content published on this website is done at your own risk. 

About the Author
James Satoshi
James Satoshi
James is a leader in Web3, NFTs, & DeFi. You'll spot him covering all topics through-out Coinmash - some say he's so good he doesn't even seem real.