Shiba Inu (SHIB) witnesses significant value surge: Over 20 trillion SHIB reach break-even point.
SHIB and DOGE among top-performing cryptocurrencies: Both coins experience notable price gains.
Enthusiasm grows as SHIB turn profitable: Speculation surrounds factors behind the price movement.
In a recent turn of events, the Shiba Inu (SHIB) has witnessed a notable increase in value, resulting in a significant number of coins reaching their break-even point. According to data from IntoTheBlock, over 20 trillion SHIB have now regained their “initial” value as a direct consequence of the recent price movement.
The surge occurred when SHIB reached a crucial level of $0.0000076, leading to a 3.69% gain within the following 12 hours. This price movement aligns with a broader trend in the cryptocurrency space, with Dogecoin (DOGE) also experiencing a substantial 12% surge over the past three days.
Shiba Inu and Dogecoin earn top performing coin spot
As a result of this rally, both SHIB and DOGE have earned spots among the top-performing cryptocurrencies in the market. The significant increase in SHIB’s value has resulted in more than 20 trillion SHIB transitioning from losses to profits, signifying the scale of the current rally. Notably, this surge represents around 50% of all Shiba Inu tokens currently in circulation that have now turned profitable.
The Shiba Inu and Dogecoin communities are abuzz with euphoria and excitement as enthusiasts celebrate their newfound profitability. While some attribute the surge to speculative trading and market sentiment, others point to speculation surrounding Twitter’s rebranding to X and the potential use of DOGE on the platform as possible factors behind the price movement.