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SHIB Becomes 13th Largest Asset, Recovers 70% from Recent Low

Published 01/19/2023, 02:45 AM
Updated 01/19/2023, 03:00 AM
SHIB Becomes 13th Largest Asset, Recovers 70% from Recent Low

  • Shiba Inu (SHIB) has pumped by over 70% since the beginning of 2023.

  • SHIB’s rally leaves supporters in excitement having waited patiently for price to recover.

  • The promise of a Layer 2 protocol contributes to promote Shiba Inu’s recent volatility.

Shiba Inu’s recovery from a recent low has triggered excitement among its community. A 70% surge in less than three weeks has moved the flagship meme coin up to the 13th position in the global ranking of cryptocurrencies by market capitalization. From their response, many Shiba Inu users appear to have been waiting for a move like this to develop.

One supporter identified on Twitter as David Gokhshtein tweeted in relief, “SHIB finally moving.” Several responders resonated with his expression, with some attempting to explain the reason behind the surge.

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