Shiba Inu Price Rises to Another Record High

    SHIB's market cap grows to $42 billion, making it into the 9th-biggest cryptocurrency.

    Shiba Inu is like an Olympic athlete, 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 its history. It is assumed that SHIB will soon lift above $0.0001, beginning the price discovery phase afresh.

    At the present time, 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 maintains the rally intact, we count on it to challenge DOT’s and XRP’s positions within the top ten.

    Source: CoinGape, Tradingview

    Shiba Inu has no trouble in the bulls’ hands who are targeted on pushing the price beyond $0.0001. The Shiba Army is presently one of the unstoppable forces in the crypto marketplace, undeterred even by the triggering tweets from Elon Musk.

    Elon confessed earlier this week 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. At the moment, there may be little to outline regarding the technical levels impacting Shiba Inu’s rally. The fear of missing out (FOMO) can be the main cause behind the consistent upward motion. A break above $0.00009 will continue to push 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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