Shiba Inu Price Rockets To Yet Another Record High, Surpassing Dogecoin In Market Cap

Shiba Inu Price Rockets To Yet Another Record High, Surpassing Dogecoin In Market Cap
  • Shiba Inu price nearing the moon as bulls quickly push toward $0.0001.
  • SHIB’s market cap grows to $42 billion, becoming the ninth-largest cryptocurrency.
  • Shiba Inu is like a 100 meter Olympian on steroids, sprinting to new all-time highs (ATH) every day. The meme-based coin has brushed its shoulders with $0.000088 for the first time in the history of its existent. It is believed that SHIB will soon lift above $0.0001, starting the price discovery phase afresh.

    At the time of writing, Shiba Inu trades at $0.000087 while bulls reach another higher level. Its market capitalization has jumped to $42.3 billion, just below Polkadot’s $42.8 million. Dogecoin has slipped to the eleventh position with a market share of $31.3 billion. If SHIB keeps the rally intact, we expect it to challenge DOT’s and XRP’s positions in the top ten.

    Shiba Inu’s Rally Not Stopping For Anyone

    Shiba Inu is comfortably in the bulls’ hands who are focused on pushing the price past $0.0001. The Shiba Army is currently one of the unstoppable forces in the cryptocurrency market, undeterred even by the triggering tweets from Elon Musk.

    Earlier in the week, Elon confessed that he did not own any Shiba Inu but held DOGE, Bitcoin, and Ethereum. The Shiba Inu rallied behind the token as if the news motivated to push to higher levels.

    SHIB/USD Four-Hour Chart

    At the moment, there is little to outline regarding the technical levels impacting Shiba Inu’s rally. The fear of missing out (FOMO) could be the main force behind the consistent upward action. A break above $0.00009 will further bolster Shiba Inu above $0.0001.

    Shiba Inu Price Intraday Levels

    Spot rate: $0.000086

    Trend: Strongly Bullish

    Volatility: Extremely High

    Support: $0.00007

    Resistance: $0.00009

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