The cryptocurrency market has been buzzing with excitement as Shiba Inu (SHIB) experiences a major price surge, climbing over 27% in the past 24 hours.
SHIB-related tokens such as BONE and LEASH have also enjoyed impressive gains. With new projects continuously being developed on the Shibarium network, Shiba Inu's momentum shows no signs of slowing down.
Read on to explore the latest updates and the future potential of SHIB.
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SHIB Records Highest 24-Hour Price Increase in the Market
The cryptocurrency market has been experiencing continuous price increases recently, and the significant price surge of Shiba Inu (SHIB) and its related tokens is gaining widespread attention.
Although Shiba Inu (SHIB) had dropped to around $0.00001 early last month, it began recovering gradually from around the 18th of this month. By the 26th, SHIB surpassed its 100-day moving average, reaching $0.000019 at the time of writing.
Currently, SHIB boasts one of the highest growth rates in the overall cryptocurrency market. According to CoinMarketCap, SHIB secured the top spot in the 24-hour price increase rankings, with a remarkable 27.30% surge.
SHIB-Related Tokens Like BONE and LEASH Also on the Rise
In addition to Shiba Inu (SHIB), the project also issues tokens such as "BONE" and "LEASH." Several projects are being developed on Shibarium, SHIB's Ethereum Layer-2 (L2) network. These SHIB-related tokens have also seen a price increase of over 10%.
Among the highest price increases is K9 Finance (KNINE), a decentralized finance (DeFi) platform built on Shibarium, which recorded a 26.19% surge in the last 24 hours.
Additionally, one of SHIB's key tokens, "LEASH," saw a 19.68% increase in the last 24 hours and a 40.65% rise over the past week. Shibarium’s native token, "BONE," also saw gains of 15.00% in the last 24 hours and 18.54% over the past week.
New meme coins are also emerging on Shibarium, with Sol Killer (DAMN), a notable Shibarium-based meme coin, recording a 14.17% rise. The movement of Shibarium-related tokens is expected to be worth watching in the coming days.
Recent Shiba Inu (SHIB) News Highlights
Despite the ongoing price fluctuations, Shiba Inu (SHIB) continues to actively develop and expand its partnerships, with several new products and services set to launch soon. Expectations for further growth remain high.
Some of the notable SHIB-related news from recent months includes:
- Partnership with encryption company "Zama"
- Promotion of the new communication protocol "HTTPZ"
- Participation in "CDSA," a global organization
- Lead developer explains the significance of joining CDSA
- Development plans for privacy-focused "L3"
- Shiba Inu entering the "True Decentralization Phase"
- ZAMA's fully homomorphic encryption (FHE) influence and use cases
- Partnership with the International Indian Film Academy Awards
- Large-scale ecosystem plan including "Shib Hub"
- Introduction of "Decentralized Governance" via DAO
- Cross-chain bridge "Hoichi"
Shiba Inu is also planning the release of new key tokens like "TREAT" and the stablecoin "SHI," making these upcoming products something to keep an eye on.
>> Click here for the latest SHIB-related news
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Shiba Inu (SHIB) Community Vote on the Use of 37.5 ETH: Concerns Arise Over Mysterious Fund Movements
The Shiba Inu (SHIB) community is voting on the use of 37.5 ETH sent to SHIB DAO. Amidst the voting, concerns have arisen over the mysterious movement of these funds to another wallet.
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