Shiba Inu Coin (SHIB) Jumps 30% In 24 Hours As It Nears $0.00003

share to other networks share to twitter share to facebook

Shiba Inu Coin just saw another major price surge of 30%, with SHIB regaining the losses made in late January.

Starting February 6 at $0.0000225, it reached a high of $0.00002930 on February 7 - an increase of 30.22% (via CoinGecko). While most cryptocurrencies saw price increases of their own, these were much smaller than SHIB’s price surge. Bitcoin, Ethereum and Dogecoin are up 2.3%, 2%, and 5.2% in 24 hours, respectively.


This comes as the Shiba Inu roadmap continues to progress. SHIB has posted several new announcements in the last few weeks including that for the Shiba Inu metaverse, and a potential Shibarium public test.

Gemini Crypto
Trade With Gemini Simple market research tools to help you buy bitcoin and other crypto assets

Shiba Inu Price Surges, Again

The latest SHIB price increase saw SHIB regain some of its market cap and breach the $15bn mark for the first time since January 20. At the time of writing, SHIB’s price is $0.00002790.

As expected, members of the ShibArmy reacted positively to the news of the 30% increase after a relative period of stagnation for the coin in terms of price.


While holders have yet to agree on a reason for the increase, Shiba Discord moderator Queenie said on Discord:

It’s just natural market movement and momentum as we’ve been accumulating for a few weeks.

Since the start of the year, SHIB has remained in the news for several large announcements. These include a partnership with a fast-food store, the Shiberse metaverse, and the upcoming launch of its Doggy DAO.


SHIB still remains down some 67% from its All-Time High of 0.00008616, reached in October 2021. SHIB is still lower than its initial price at the beginning of 2022, where it started the year at $0.000033.