Shiba Inu surges 50% as Bitcoin and Ethereum recover—and a new blockchain project gets underway

 Shiba Inu surges 50% as Bitcoin and Ethereum recover—and a new blockchain project gets underway

The SHIB-storm might be over.

On Tuesday, the price of the Shiba Inu cryptocurrency coin, which trades as SHIB, shot up 12%, putting SHIB’s weekly gains at 52%. Before the recent rise, SHIB’s price had fallen 75% from its all-time high of $0.00008616 per coin reached in October.

But SHIB is now trading at $0.00003277 per coin, making the meme coin the 13^th most valuable cryptocurrency in the world with a market valuation of $17.9 billion.