Shiba Inu (SHIB) Price Rockets 25%, Outperforming Dogecoin (DOGE)

Shiba Inu's trading volume has topped $2.7 billion $SHIB

cryptocurrency has surged nearly 25% over the past 24 hours, according to data provided by crypto ranking site CoinMarketCap. It is currently changing hands at $0.00002793 on the Bitstamp exchange. The canine coin has also experienced a 244% increase in trading volume, topping $2.7 billion. It is the sixth most traded cryptocurrency .

Shiba Inu is in third place on Coinbase, the number one crypto exchange in the U.S. Because of the recent price increase, Shiba Inu has climbed to 14th place by market capitalization, racing ahead of Polygon . While the meme coin’s recent price spike is impressive, it is still down 67.47% from its record peak. Nevertheless, the Dogecoin competitor has gained 72% since plunging to its multi-month of $0.00001704.

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