Shiba Inu (SHIB), a popular meme coin, has been doing well lately. After a tough time in June, its value and how much people trade it have been going up.
The last two weeks were especially good, thanks to important news from the people working on it, led by Shytoshi Kusama.
There’s a big talk about Shibarium coming soon, and experts are excited. The people in charge say they’re adding something called Self-Sovereign Identity (SSI) to SHIB. This is important for SHIB to grow even more.
Santiment Points Out Outstanding Performance: Social Volume Surges
Santiment, a top platform that studies cryptocurrency trends, says Shiba Inu did really well last week. Lots of people were talking about it online, and its social activity went up by a huge 65%.
📊 Prices are mildly up for #altcoins today, but most mid & small caps are still struggling to gain any traction on the weekly timeframe. Many traders have shifted their focus to #ShibaInu, as the #memecoin is one of the few bright spots. $SHIB is +19% with rising social volume. pic.twitter.com/RNXashVDQo
— Santiment (@santimentfeed) August 10, 2023
Because more people were talking about it online, Shiba Inu did really well. Its value went up by about 22% in just two weeks. Right now, on Friday morning in Asia, the coin is being traded for around $0.000009895.
Something interesting is that even though popular meme coins did well together, other types of coins didn’t. In the last two weeks, many smaller cryptocurrencies didn’t do as well and had less impressive results. This difference in how well they did makes the cryptocurrency market even more interesting.
Pepe Coin (PEPE) Rises as Shiba Inu’s Match
Pepe Coin (PEPE) is like Shiba Inu and is going up too. Pepe coin is based on frogs. Lately, it’s been doing well, kind of like Shiba Inu.
According to recent information from crypto experts, Pepe coin’s value went up by about 3% in the last day. It’s being traded for around $0.00000127 on Friday morning in Asia. This shows that meme coins like Pepe coin are making their own way in the world of cryptocurrency.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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