The
meme cryptocurrency Shiba Inu coin just reached an all-time high valuation and is one of
the biggest digital currencies by market value. It surged more than 40% over the last seven
days, according to CoinMarketCap, and  become the 11th-biggest cryptocurrency by
market value.

The
token has gained more than 45 million  in the last year.

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In September 2021, Shiba Inu surged nearly 40%, after
US-based Coinbase said its customers can trade, send, receive or store SHIB on
its platform.

Today, Shiba Inu is trading at
is $0.000039 USD with a 24-hour trading volume of $12,510,164,858 USD. SHIBA INU is
down 6.47% in the last 24 hours. The current CoinMarketCap ranking is #13, with
a live market cap of $15,530,571,543 USD.

SHIB token has surpassed its previous record of $0.388, seen on May 10.

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Tesla CEO Elon Musk tweeted that he does not own any
Shiba coin. Musk’s tweets have frequently moved crypto markets. This time also
SHIB token dipped around 10% after Musk’s tweet. In a follow-up tweet, he said
he has bought Bitcoin, Ether, and Dogecoin, and “that’s it.”

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SHIB, the self-proclaimed “dogecoin killer”,
which was created in August 2020 by someone who uses the name Ryoshi, is
modeled after Dogecoin.

The Shiba Inu coin is currently trending and high in
demand. Its developers are adopting a supply burn strategy to reduce the number
of these coins in circulation. This will lead to a quick rise soon. However,
The SHIB coin holders have the option of sending their coins to an inaccessible
wallet and effectively putting them out of circulation.

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The Shiba Inu Coin has been trending and investors are
predicting it to rise further with time and touch 1 cent in the future.

Bitcoin
hit an all-time high of nearly $67,000 per coin last week, topping the previous record set
in April. Bitcoin prices have surged 50% this month, from just under $44,000 at
the end of September. Bitcoin is currently trading at almost $62,000.

Dogecoin has climbed about 10% in the past 24 hours.