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Shiba Inu (SHIB) price hit a new ATH of $0.0000486 on the Binance exchange

With a market cap topping $19 billion, the Shiba Inu (SHIB) price flippening no longer appears to be a pipe dream for meme coin holders. At the time of writing, the token is changing hands at $0.00004523, a 15% increase in the last 24 hours.

shiba-inu-shib-price-hit-a-new-ath-of-0-0000486-on-the-binance-exchange

SHIB/USDT 4-hour chart | Source: TradingView

Shiba Inu (SHIB) price reaches new ATH, inching closer to surpassing Dogecoin

Reportedly, SHIB has been up 60% in the past seven days, becoming one of the best-performing altcoins once again. With a market cap of $19 billion, it is currently the 11th largest cryptocurrency overall.

Dogecoin, up only a modest 2.26%, comes in at 9th, followed by USD Coin (USDC). Shiba Inu remains the most traded cryptocurrency on Coinbase, nearly doubling Bitcoin volume.

BTC is currently in the red after failing to break above the key $63,000 level. Over the past week, Shiba Inu has been widely covered by the press, with CNN being one of the mainstream outlets that have reported on the cryptocurrency’s incredible rise. The token has grown by a staggering 571% this month alone.

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