Shiba Inu takes a big leap

Shiba Inu takes a big leap to 12th position in crypto. Is it ready to delete another zero from the price?

Shiba Inu takes a big leap from the top 20th position in crypto to 12th in a period of one day. The price of Shiba Inu has raised by 50% in price in one day and left LTC and LINK behind. A question arises that is Shiba Inu ready to delete another zero (0) from its price.

 Meme cryptocurrency, Shiba Inu has carried its bullish mood for three days in a row and has raised by 350% in a week. Yesterday, we have discussed how Shiba Inu has grabbed the 20th position in the crypto ranking. Shiba Inu is continuously surprising us and taking big leaps in the crypto ranking. The coin has jumped 7 rankings to reach the 12th position in the crypto. Coin made a daily have of $0.0000346 and left behind LTC and LINK.

Shiba Inu takes a big leap
The price chart of the Shibu Inu
Source: Tradingview

Shiba Inu takes a big leap:

Shiba Inu takes a big leap in the crypto ranking by gaining double-digit over the past four days. An almost forgotten altcoin is once again in the limelight and has managed to delete a zero (0) from its price. The reason for this price boom is that whales are buying the Shibu Inu massively. In two days, whales bought nearly 6.3 trillion worth of Shibu Inu token. The tweet of Elon Musk about his Floki Puppy is considered to be another reason for this bull run.

The trading volume of Shiba Inu is much more than Bitcoin and Ethereum on many exchanges. This proves the demand for meme currency in the present day. Shiba Inu takes a big leap but many people are wondering whether it can erase another zero from its price. The altcoin is 24% short of its new all-time high of 0.0000388. The coming week can prove to be a turning point for meme currency as October starts with a bullish signal for the crypto market.

Shiba Inu takes a big leap but it was led by its rival, dogecoin, which is inactive in this bull run. Doge can also see a bullish trend in the coming days. For more interesting content click here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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