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Shiba Inu (SHIB) is suddenly gaining 8%

Shiba Inu (SHIB) is suddenly gaining 8%

Shiba Inu (SHIB) is now ahead of almost all of the top 100 cryptocurrencies after a sudden 8% jump, according to data provided by Binance-owned CoinMarketCap.

Only Oasis Network (ROSE), Kadena (KDA) and Quant (QNT) have managed more growth in the past 24 hours, with the latter figure being double-digit. Shiba Inu is now close to overtaking Avalanche (AVAX) to regain 12th place. The gap between the two cryptocurrencies is now less than a billion dollars. Bitcoin (BTC) has also reached the $50,000 level again. In the last 24 hours, the largest cryptocurrency has risen 2%. On Friday, Bitcoin briefly returned to the $50,000 mark on the U.S. exchange, but the bulls were unable to hold their gains. Cardano (ADA) and Polkadot (DOT) are in the top 10. Both stocks are up about 5%. Shiba Inu needs to recover 56.75% to regain its previous peak.

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