Shiba Inu (SHIB) Price Doubles Over Past Week as it Gains on DOGE
Shiba Inu (SHIB) has more than doubled in the past week. Win at big brother Dogecoin (DOGE)
According to CoinGecko, the price of SHIB has increased 113.2% in the past seven days. When looking at a 14-day perspective, this value increases to 311.4%. SHIB previously lagged directly behind its predecessor DOGE, currently the top 10 cryptocurrency in market capitalization, but has since been overshadowed by LUNA in 11th place.
The latest SHIB rally was triggered by a brand-typical cryptic tweet from Elon Musk about his Shiba Inu "Floki Frunkpuppy" on October 3rd. Within hours, SHIB had risen 40% and by October 5th had essentially doubled on October 7th again a little more than double its value. It fell significantly on October 8th, but it traded around twice as high as its value on October 5th.
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