SHIB Exploded 22% Daily And Other Memecoins Followed

SHIB exploded 22% daily and other memecoins followed right after as we can see further in today’s latest altcoin news.

Shiba Inu leads the market over the past day as SHIB Exploded 22% daily and other memecoins followed suit. Shiba Inu has long been a trendsetter when it comes to memecoins alongside Dogecoin which are to main meme coins that set the tone for a new market that can’t be ignored any longer. The whole market is in the green in the past day as Bitcoin tapped $43,000 in a very funny turn of events. Shib however surprised the market with a huge surge upwards of 22%. This brings the total gains of the crypto to more than 34% in one week and it is now trading at $0.00002764. The last time that the crypto traded at this price was back on January 18^th this year.

Another interesting thing to note is that the huge increase for SHIB came over the past 24 hours and brought many other meme coins with it. Doge is up by 6.5% and is ahead by three spots by market cap, standing at the 11^th spot. Teddy DOGE as one of the trending searches on CoinMarketcap increased by 31% at the time of writing and FLOKI increased by 14%.

As recently reported, An Italian fast food restaurant from Naples will parent with Shiba Inu in order to open a SHIB-themed joint called Welly’s. The team behind the popular meme coin entered into its first real-world venture by partnering with an Italian fast food restaurant from Naples dubbed Welly’s. the duo promised healthy and not just fast food options and a goal to grow globally together. The announcement from Shiba Inu developer Shytoshi Kusama explained that the memecoin’s team chose this fast-food join because they were already looking for someone that will share their values. As such, they refrained from partnering with huge centralized conglomerates that sell food that is harmful and subpar.

After launching in 2020, Shiba Inu gained mass popularity a year ago during the meme coin season. It became perhaps the biggest gainer in the crypto space with the team trying to capitalize on the attention and launch a decentralized exchange and the NFT collection.