SHIB Price Adds 12% Overnight as Meme Cryptos Recovering
Analysis
Price Impact
MedShib price increased by 12%, influenced by the broader meme coin market recovery and overall market optimism. other meme coins like doge, bonk, and pepe also saw significant gains.
Trustworthiness
MedThe news source is a crypto news outlet, but it's important to note that meme coin prices are highly volatile and susceptible to speculation and hype.
Price Direction
BullishThe 12% increase in shib price is a notable short-term bullish signal, but it's crucial to consider the volatility of meme coins.
Time Effect
ShortThe price surge happened overnight and is likely a short-term trend driven by market sentiment and news events. it's too early to predict if this is a sustained upward trend.
Original Article:
Article Content:
Shiba Inu (SHIB) rallies by 12%, DOGE, BONK and PEPE follow XRP, XLM today only top cryptos in red News Fri, 17/01/2025 - 17:28 A A A Cover image via www.freepik.com Read U.TODAY on Google News Advertisement As the cryptocurrency market is rocketing on the CPI announcement, the potential end of the Ripple v. SEC legal battle and the upcoming U.S. presidential inauguration, meme coins have yet again stolen the spotlight. Segment capitalization added almost 10% and targets the $120 billion level. Shiba Inu (SHIB) rallies by 12%, DOGE, BONK and PEPE follow Shiba Inu (SHIB), major dog-themed cryptocurrency, is among the drivers of the cryptocurrency market surge today. Shiba Inu's (SHIB) price jumped by almost 12% and hit $0,00002426. The capitalization of the 15th largest altcoin touches $14.5 billion. Image by CoinGecko Shiba Inu (SHIB) is not the only meme coin on the top gainers' list. Dogecoin (DOGE), the first meme crypto, adds over 9% as the DOGE price jumps over $0.41. Dogecoin's (DOGE) market cap surged by $6 billion overnight. HOT Stories Barry Silbert's Digital Currency Group to Pay $38 Million Fine in SEC Settlement Ethereum (ETH) Pectra Mainnet Upgrade Date Confirmed by Devs Shiba Inu's Outflow Skyrockets 883%: What's Driving Trend? SpaceX Bitcoin (BTC) Now Holding $700 Million: Details Pepe (PEPE), another large community-driven meme coin, surges to $0.00002004. With a $8.4 billion market cap, the first frog-themed coin is back in the top 30 cryptos. Advertisement In 24 hours, Bonk's (BONK) price increased by 9.5%. Its price hit $0.00003162, while its capitalization targeted $2.5 billion. XRP, XLM today only top cryptos in red Last but not least, Floki (FLOKI) spiked by 7.7%. The FLOKI price reached $0.0001812 as the market cap targets $1.8 billion. Amid surging optimism in the altcoin segment, almost all of the top 100 cryptocurrencies are in the green. However, after an inspiring price surge, XRP and its rival, XLM, are down by 0.2-0.3% each. In addition, Virtual Protocol (VIRTUALS), Hyperliquid (HYPE) and XDC Network (XDC) are losing value today. Today, the market benchmark added 4.3%, while Bitcoin (BTC), the largest cryptocurrency, is trying to reconquer $105,000. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. #Shiba Inu (SHIB) News #Meme Cryptocurrencies #Dogecoin News #BONK News #PEPE