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SHIB price rockets 10% as Shiba Inu adds $1 billion in a day

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Although ‘Uptober’ has yet to fulfill its promise for the majority of assets in the cryptocurrency market, it seems to have already started for Shiba Inu (SHIB), as evident in its rally that has seen it over 10% in just 24 hours, making it the second-best daily performer. Indeed, Shiba Inu has raced to $0.00001749, up 10.06% on the day, reducing its losses from the past week to 13.36%, and adding up to the 34.23% advance across the month, leaving many to wonder what is behind this sudden and substantial change, as well as whether the gains would continue. Shiba Inu price 24-hour chart. Source: Finbold On top of that, SHIB has added an earth-shattering $1 billion to its market capitalization in the last 24 hours, bringing its total market cap from the $9.31 billion one day earlier to the current $10.31 billion, which also represents an increase of 10.74%, as per the latest data on October 4. Picks for...