Shiba Inu to Surge After Meme Coin Market Adds $14 Billion Since July
The meme coin market has surged by nearly 24% since July, with an influx of funds entering the sector worth $14 billion, according to the latest SHIB data by CoinMarketCap. The spike in funds comes after a year of stagnation, which led to leading meme coins like Dogecoin, Shiba Inu, Pepe, and Bonk facing a price decline. The 24-hour trading volume for these meme coins has surged briefly but needs a robust push to attract more investors. Whales have mostly taken an entry position in Shiba Inu since July, stabilizing its value in the charts. Its price is at the $0.000012 range for close to a month and is consolidating in value. Also Read: When Will Shiba Inu Resume Making Money for Investors? Will Shiba Inu Soar in Value After Investments in the Meme Coin Segment Rise? Source: Watcher.Guru A leg-up from here could push SHIB to reach the $0.000013 mark, where it had last reached in July. Taking an entry position in Shiba Inu could be beneficial as investors are warming up to the meme coin...