SHIBA INU ($SHIB), the new star meme coin of the crypto ecosystem is back on the bullish track as it hit a new all-time-high (ATH) yesterday. The 13th largest altcoin by market cap surged over 50% yesterday to first breach the key resistance of $0.000035 and then set a new ATH of $0.0000442. The altcoin is currently trading just above the $0.000040 mark with 6% gains over the past 24-hours.
$SHIB has now surged over 500% in October outshining most of the top crypto assets such as Bitcoin and Ethereum. The bullish momentum led to $SHIB hitting a bigger trading volume than Ethereum yesterday with $14.5 billion in total $SHIB traded. $SHIB trading volume was only behind $BTC and USDT.
Santiment data also indicate that a drop in crowd sentiment for the meme coin has often been followed by a bullish surge. $SHIB price this bull season has surged against the market trend when most of the crypto market remains flat or inactive, $SHIB price has recorded new highs. Even yesterday, the majority of the crypto market was consolidating when the $SHIB price surged to new ATH.
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Topic: SHIBA INU ($SHIB) Overcomes “Musk Stress Test,” Can it Overtake Dogecoin Now? (Read 111 times)