SHIB Price Explodes in Recovery but These Shiba Inu Metrics Are Going Down

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SHIB Price Explodes in Recovery but These Shiba Inu Metrics Are Going Down
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The cryptocurrency market rebounded, with Bitcoin reaching almost $58,000 and Ethereum spiking above $3,000. Meme coins like Shiba Inu also saw significant gains.The cryptocurrency market rebounded substantially in the past few hours, erasing some of the losses witnessed at the end of last week. Bitcoin spiked to almost $58,000, while Ethereum reclaimed the $3K mark.

The meme coin realm is also well in the green on an hourly scale. The best performers from the leading ones include Shiba Inu , Bonk Inu , Pepe , and more.the self-proclaimed Dogecoin killer is the second-largest in the meme coin cohort and the 14th-biggest in the entire sector. SHIB’s price is up 13% since the lows from a few hours ago.Some lesser-known meme coins have witnessed even more impressive gains.

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