SHIB closed Sunday up 33%, during the market downturn

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the token Shiba Inu (SHIB) closed Sunday up 33.70% and appreciated more than 40% in the period, while most other cryptocurrencies had a weekend low.

SHIB went up on Sunday

SHIB rose more than 42% throughout the day on Sunday (14), closing the daily candle with an appreciation of 33.70% at an unfavorable moment for the rest of the market.

the memetoken Shiba Inu (SHIB)which was created to compete with Dogecoin (DOGE) and is currently building its own ecosystem within Web3, rallied from $0.00001264 on the open of the 14th, trading at a daily high of $0.00001800 on the SHIB/USDT pair on Binance and closing the daily candle at $0.00001690.

At the time of writing, SHIB is trading at $0.00001597.

The cryptocurrency market pulled back over the weekend

So much Bitcoin (BTC) What Ethereum (ETH) they went through a weekend of declines, in a pullback and possibly a correction, after a sequence of days of highs and appreciations last week.

BTC closed Sunday down 0.57% and is currently trading at $24,131. With a loss of 1.33% since the opening on Saturday (13). ETH lost 2.50% on Sunday and is down 3.88% since Saturday, trading at $1,905 at the moment.

The leaders’ move has dropped the rest of the market in favor of the bears, but it is a very small correction compared to the strong rally of the previous days. Which is perfectly normal, even in the case of a short-term or medium-term uptrend, which has yet to be confirmed.

The SHIB community has been as always very active in networks and recently surpassed its rival DOGE in terms of Twitter followersnow they hope to achieve it also with the market capitalization.

Do you think SHIB will surpass DOGE in terms of total market capitalization? Leave your comment on our social networks.

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