Advertisement
AD

Main navigation

Shiba Inu (SHIB) Price Jumps 15.48%, Preparing to Remove Another Zero

Advertisement
Sat, 11/11/2023 - 8:46
Shiba Inu (SHIB) Price Jumps 15.48%, Preparing to Remove Another Zero
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Popular meme coin Shiba Inu, the second largest by the market capitalization value, has demonstrated staggering growth overnight, coming close to erasing another zero in its price.

Advertisement

The SHIB price jumped a whopping 18.32% on Friday, reaching $0.00000964. By now, a slight pullback has occurred, taking the meme coin down to the $0.00000928 level with the total 24-hour growth by now being 15.48%.

Currently, SHIB needs to add 7.43% to its value in order to erase another zero in its price and reach the $0.00001 level.

In a recent X post, a major crypto trader and podcaster Scott Melker stated that he believes SHIB may soon grow as high as $0.0000114. Although, he referred to SHIB as "useless" and said its "only utility is trading to make more Bitcoin."

Related

The likely factors that have provoked this massive price surge of Shiba Inu is the growth of the two leading cryptos — Bitcoin and Ethereum.

On Friday, Bitcoin demonstrated a rise of 3%, reclaiming the $37,500 level for the second time this week. By now, a pullback has taken BTC back to the $36,900 zone. Ethereum soared by over 11% on Thursday, pushed by the news that the world's largest crypto asset manager BlackRock is preparing to file for an Ethereum ETF. It plans to list the new product on the Nasdaq exchange once it is approved.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD