Shiba Inu (SHIB) Soars 18% as Crypto Market Recovers

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Meme cryptocurrencies leading altcoin rally, according to CoinGecko data

The meme cryptocurrency is currency trading at $0.0000268 on major spot exchanges. Prior to that, it peaked at $0.00002795.is far from being the top-performing cryptocurrency over the last 24 hours. In the meantime, meme cryptocurrency Bonk is up more than 42% over the past 24 hours.SHIB is now within striking distance of surpassing Cardano by market cap. The latter is currently valued at $17.7 billion. This puts it in 11th place by market capitalization.

Despite the fact that many expected the halving to be a sell-the-news event, the cryptocurrency market is currently in the green.The altcoin rally, however, appears to be much stronger. Ethereum , BNB , Solana and Avalanche are also up more than 4% over the past 24 hours.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.

 

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