Benzinga – Popular “Dogecoin Killer” Shiba Inu (CRYPTO: SHIB) followed other dog-themed meme coins upwards with a 5% spike in early Wednesday morning trading hours.
What Happened: SHIB is up 5% to trade around $0.00002732 at the time of writing. This takes its 30-day increase to 17%. The rise comes as one trader cashed out a seven-figure gain at the start of the week, pocketing over $1 million on a three-year trade.
On Tuesday, popular crypto trader Cold Blooded Shiller had predicted that SHIB would “send,” highlighting its strength compared to Dogecoin (CRYPTO: DOGE) on the low-time frame. Dogecoin is down 0.7% over the past 24 hours.
Read Also: Bitcoin, Dogecoin, Ethereum Slide Over Fears Of Mt. Gox’s Billion-Dollar Transfers: King Crypto Consolidation Likely Between $60K-$70K, Says Analyst
Why It Matters: Analysts remain bullish on the potential of animal-themed…
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