Doge Killer Shiba Inu (SHIB) Surges to All-Time High: Time to Invest?
• Shiba Inu (SHIB) has been gaining traction in the crypto space lately, outperforming Dogecoin (DOGE).
• SHIB recently moved beyond the key $0.00001 resistance and hit an all-time high of $0.0001269.
• Shibarium, the upcoming upgrade of Shiba Inu, is set to function on the Ethereum mainnet.
The crypto-space is abuzz with the news of Shiba Inu (SHIB) outperforming Dogecoin (DOGE). SHIB, which is popularly known as the Doge killer, emerged in 2021, eight years after Dogecoin was first introduced and has been making waves ever since. SHIB is a cryptocurrency that enables users to earn maximum rewards for the content that they create and has been gaining traction in the crypto space.
In recent weeks, SHIB has been performing really well, with its price surging nearly 4% in the last 24hrs. On January 14, the Doge killer successfully moved beyond the key $0.00001 resistance and hit an all-time high of $0.0001269. At the time of publication, SHIB is changing hands at $0.00001198.
When it comes to market capitalization, Dogecoin still tops the list with $9 billion against Shiba Inu’s 1 quadrillion tokens. However, with the upcoming upgrades and ongoing partnerships, SHIB might soon overtake DOGE.
One of the key developments that could soon drive SHIB’s price up is the upcoming Shibarium upgrade. Shibarium is a layer-2 Blockchain that is set to function on Ethereum mainnet. The upgrade is expected to facilitate faster and cheaper transactions with improved scalability.
Furthermore, SHIB has been actively partnering with various projects to widen its user base. Recently, the currency partnered with the Indian crypto exchange, WazirX, to allow users to stake their SHIB tokens and earn rewards. The currency has also partnered with Travala.com, an online travel agency, to enable users to book hotels and flights using their SHIB tokens.
These developments have been driving the price of SHIB up, making it a lucrative investment. As such, it’s no surprise that many investors are looking to capitalize on the bullish momentum of SHIB and make the most of the potential gains.