The Shiba Inu (SHIB) is one of the cryptos that aim to bring the Dogecoin (DOGE) down from its pedestal. Moreover, the SHIB is often referred to as an “Ethereum killer”. If the Shiba Inu is still behind its rival in terms of capitalization, its price has shown better performance in recent days …
Shiba Inu price: 0.0000089 €, more than 28% over the last 24 hours!
At the time of writing this article, the price of Shiba Inu is € 0.0000089. If we look at the variations of its course in recent days, we can say that the SHIB is in great shape! Indeed, over the last 24 hours, the course of the Shiba Inu increases by almost 28% ! Over the last 7 days, it has increased by nearly 43% ! Finally, over the last 30 days, the SHIB is up 38%. This last figure is edifying because it includes the period of September which was however bad for most cryptos. It seems that the Shiba Inu has been successful recently.
For comparison, what are the variations in the price of its great rival, Dogecoin? It is clear that the DOGE has accustomed us to better. So at the time of writing this article, the price of Dogecoin is € 0.19, stable over the last 24 hours. Over the last 7 days, the DOGE price progresses by “only” 9%. But above all, over the last 30 days, the price of Dogecoin is down almost 26%!
Clearly, Shiba Inu has surpassed Dogecoin in terms of performance. This dynamic allows the Shiba Inu to progress in capitalization. At present, the SHIB crypto is ranked 41st. Of course, there is still a long way to go to overtake the Dogecoin ranked… 10th!
An upcoming Shiba Inu bull run?
Several factors explain this good dynamic. One of the reasons is related to NFTs. Indeed, the SHIBA network has recently put itself on the promising niche of NFTs. For example, a collection of 10,000 NFT called “Shiboshis” were offered for sale on the ShibaSwap platform. This sale resulted in a number of SHIB coins being withdrawn from circulation (“burning”). The reduction in the number of SHIBs in circulation encouraged its price to rise.
Some projections consider that the price of the Shiba Inu should continue to increase. Analysts give a next price target around € 0.0000107. It is therefore a crypto to watch in the coming days.
In the meantime, the Shiba Inu continues to nibble its delay on the Dogecoin … while waiting for a response?