Shiba Inu Rises 36% and Hits New Record High

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The price of Shiba Inu (SHIB), a clone of the meme crypto Dogecoin, has renewed its all-time high near $0.00006. Over the past 24 hours, the asset has risen by 36%, according to CoinGecko.

At the moment, SHIB has corrected to the level of $0.00005650.

The total capitalization of the project has exceeded $22 billion, and has now become the eleventh largest crypto by market cap according to CoinMarketCap’s rating.

US-based crypto exchange Coinbase has recently added SHIB to its platform, which caused the price to jump by 33%.

On October 20, investment platform Public.com, which launched crypto trading earlier this month, added the coin to the list of supported assets. After that, the project’s Twitter account suggested online broker Robinhood could take a similar step.

On October 24, the price of the meme crypto renewed its all-time high at around $0.00004447. The next day, Elon Musk stated he had not invested in Shiba Inu and the coin reacted with a significant drop.