Shiba Inu Makes Major Recovery, Defeats Other Meme Coins

Shiba Inu (SHIB) has garnered substantial attention and popularity in recent years as a meme coin. While its price performance may have been less favorable, the project has made notable progress in terms of its utilities. Shiba Inu distinguishes itself among other meme coins through its ongoing development efforts and regular updates.

Also read: Bitcoin Breaches $27,000 Amidst Slumping Market

In a notable turn of events, the price of the Shiba Inu (SHIB) has experienced a significant surge recently. According to CoinMarketCap data, SHIB has made a major recovery in the last seven days.

Shiba Inu recovers 8% in the last seven days

Data from CoinMarketCap shows that SHIB is up by 8.5% in the last seven days. SHIB exhibited the most gains during this period in comparison to Bitcoin and all major altcoins. The king of meme coins, Dogecoin, is up by only 1.6% in the last seven days.

Just behind SHIB stands Solana, with 6% gains during this period. SHIB also regained its $4 billion market cap recently after the recovery. However, SHIB still has a long way to go to regain its monthly high of $0.000009067. At press time, SHIB is trading at $0.000007215 with no major movements in the last 24 hours.