Shiba Inu's Stellar Rally Continues To Make The Meme Crypto One Of The Top Performers Of The Week — Here's What's Going On
Portfolio Pulse from Shanthi Rexaline
Shiba Inu (CRYPTO: SHIB) has been the top-performing cryptocurrency over the past 24 hours, with a 9.06% increase and a weekly gain of 15.89%. Its market cap and volume have also risen by about 9% and 141% respectively. The crypto's future direction is uncertain due to potential impacts from crypto-specific factors and macroeconomic conditions. The launch of the Shibarium, an in-house layer-2 blockchain platform, could transform Shiba Inu into a complete ecosystem, increasing transaction speeds, lowering fees, and boosting the token's utility.
August 12, 2023 | 1:59 pm
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POSITIVE IMPACT
Shiba Inu (CRYPTO: SHIB) has seen a significant increase in its price and volume over the past 24 hours. The launch of the Shibarium could further boost the token's utility and value.
The news article reports a significant increase in the price and volume of Shiba Inu (CRYPTO: SHIB) over the past 24 hours. The launch of the Shibarium, an in-house layer-2 blockchain platform, could further boost the token's utility and value, potentially leading to a further increase in its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Pepe (CRYPTO: PEPE) has been mentioned as one of the top performers, but no specific details were provided.
The news article mentions Pepe (CRYPTO: PEPE) as one of the top performers, but no specific details were provided. Therefore, it's difficult to determine the potential impact on its price.
CONFIDENCE 50
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
THORChain (CRYPTO: RUNE) has been mentioned as one of the top performers, but no specific details were provided.
The news article mentions THORChain (CRYPTO: RUNE) as one of the top performers, but no specific details were provided. Therefore, it's difficult to determine the potential impact on its price.
CONFIDENCE 50
IMPORTANCE 50
RELEVANCE 50