Shiba Inu (SHIB) hit a new all-time high of $0.00004860 at 12:17 p.m. UTC on the Binance exchange.
It is up by 19.2% over the past 24 hours, becoming one of the best-performing altcoins yet again, according to CoinMarketCap data.
With a market cap of $19 billion, it is currently the 11th biggest cryptocurrency overall.
Dogecoin, which is only up by a modest 2.26%, is in 9th place, followed by USD Coin (USDC).
Alex DovbnyaThe crypto king is currently in the red after failing to gain footing above the pivotal $63,000 level.
Over the past week, Shiba Inu, an arcane canine token, has gained widespread press coverage, with CNN being among the mainstream outlets that reported on the cryptocurrency's eye-watering gains.
The token is up by a stunning 571% this month alone.
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.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
Vladislav Sopov