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Shiba Inu (SHIB) Outperforms All Competitors in 24 Hours: Details
Despite the unfavorable performance of AI meme coins and other major cryptocurrencies, Shiba Inu (SHIB) has bucked the trend by surging in value over the past 24 hours. While many popular meme currencies such as Peanut the Squirrel (PNUT) and Daku (DAKU) have lost significant value, SHIB has defied expectations and emerged as the top gainer.
Pump.fun meme coins took a hit, losing an astonishing 4.5% in a single day, while AI meme coins suffered even more drastic losses, falling by as much as 5.1%. This marked one of the worst performances for these categories in recent history.
On the other hand, Shiba Inu (SHIB) managed to buck this trend and climb the ranks, with its value increasing significantly over the past day. The surge has left many in the crypto community wondering what could have caused such a drastic shift in sentiment.
Meanwhile, some of the largest cryptocurrencies by market capitalization have continued their steady performance. Bitcoin (BTC) and Ethereum (ETH), two of the most influential players in the space, have both added 0.6% and 1.1%, respectively, over the past 24 hours. This marked a welcome respite from the recent volatility that has plagued these markets.
As Shiba Inu’s price continued to rise, many are left scratching their heads as to what could be driving this unusual behavior. Some speculate that the sudden surge may be linked to speculation surrounding future partnerships or collaborations with prominent brands in the industry.
Source: https://u.today/shiba-inu-shib-outperforms-all-competitors-in-24-hours-details
