Shiba Inu ($SHIB), the meme forex has carried its bullish momentum for 3 days now, rising over 350% over the previous week. The altcoin’s bullish surge helped it to first break into top-20 and earlier at this time it briefly rose to the twelfth spot forsaking the likes of Litecoin ($LTC) and Chainlink ($LINK) briefly. $SHIB value rose to a every day excessive of $0.0000346 after rising 0ver 50% for the day.
![Shiba](https://cdn.coingape.com/wp-content/uploads/2021/10/07110959/SHIBUSD_2021-10-07_11-09-53.png)
The altcoin has made double-digit good points over the previous 4 days which have helped the practically forgotten altcoin to make crypto headlines once more. Throughout this ongoing bull rally, $SHIB managed to delete a zero from its value after practically 4 months of value inactiveness. The value momentum was attributed to Elon Musk’s weekend tweet about his Floki Pet, however many of the buying and selling is being performed by retail readers one thing which was noticed throughout Dogecoin’s mammoth rally earlier this yr.
One more reason is believed to be the huge Whale shopping for spree as $SHIB whales purchased practically 6.3 trillion Shiba Inu tokens in simply the previous two days. $SHIB buying and selling volumes on exchanges are presently outdoing Bitcoin and Ethereum which means that the demand for the meme coin is sort of excessive at current.
Quantity once more 🔥🔥🔥 #shib #shiba #shibainu pic.twitter.com/INMl46IqGv
— Shaik Aslam (@shaikissu) October 7, 2021
Can $SHIB Delete One other Zero From its Value?
$SHIB managed to take away a zero from its value over the previous week amid a mammoth three-digit rally and looking out on the third consecutive day of double-digit good points. The altcoin is simply 24% in need of its all-time excessive of $0.0000388, breaking which it may enter a value discovery mode and would possibly delete one other zero from its value within the coming week.
Within the first leg of this bull run, Dogecoin led the cost, and its mammoth rise rub onto different meme cash as effectively. Nonetheless, this time round when $SHIB is on the verge of breaking an ATH, $DOGE stays extremely inactive and presently buying and selling below the $0.30 mark. $DOGE may additionally breakout within the coming days as October begins on a bullish notice for the crypto market.