‘Dogecoin Killer’ Shiba Inu Rallies 10%: What Is Going On?
Posted On October 4, 2024
Shiba Inu’s (CRYPTO: SHIB) sudden spike in prices thanks to positive macro data has traders hoping for more upside in Q4.
What Happened: Shiba Inu is up 10% to $0.0000175 on Friday, outperforming its rival DOGE, which is up 5%. The meme coin has gained over 30% over the past 30 days, beating Dogecoin’s 11% return.
SHIB is also seeing renewed burn transactions, with 4.5 million SHIB burned in the past 24 hours, according to Shibburn data.
Crypto trader Javon Marks predicts Shiba Inu’s next move to be a massive 351% spike …
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