Shiba Inu price rose by 7%, with a market value exceeding $15 billion
According to CryptoPotato, the cryptocurrency market is on the rise, with Shiba Inu (SHIB) increasing by 7% in the past 24 hours. This increase may be attributed to the growth in the meme coin sector. The cryptocurrency market has once again entered the green zone today (March 21), with Bitcoin (BTC) and many other digital assets experiencing significant growth. Shiba Inu (SHIB), self-proclaimed as a Dogecoin killer, has also risen, surpassing a market value of over $15 billion. The overall recovery of the meme coin sector may be one factor driving up SHIB prices. Over the past 24 hours, the market capitalization of this segment has surged by 15%, reaching around $55 billion, including double-digit increases for leading assets such as Dogecoin (DOGE), Pepe Coin (PEPE), and Floki Inu (FLOKI). Shiba Inu may also benefit from a revival of its second-layer scaling solution Shibarium. The network's daily transaction volume has exceeded 83,000 transactions, an increase of 800% compared to yesterday's figures. Launched in August last year, Shibarium aims to promote development within the Shiba Inu ecosystem by reducing transaction costs and improving speed.
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