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With Bitcoin’s surge from $51,728 on Feb. 26to the peak of $64,000on Feb. 28, the crypto asset recorded a 23% increase. Meanwhile, within this same timeframe, SHIB surged from $0.00000967 to a high of $0.00001473, marking a more substantial 52%.While Shiba Inu has continued to silently outperform Bitcoin and most mainstream assets in the current uptrend, its recent price spike, which began yesterday, has now placed it in the spotlight.
SHIB surged from $0.00001256 to a high of $0.00001728 yesterday, representing its highest value since August 2022. Despite facing resistance at this high, Shiba Inu showed resilience against the bears, eventually closing yesterday at an 18-month high of $0.00001687 amid a 34% gain.
The rally has now spilled over, with SHIB recording the most substantial price surge for any mainstream asset in the market. Shiba Inu is up by an astonishing 62.33% over the past 24 hours, as it breachesthe much-coveted $0.00002 price territory, with a goal to solidify its spot on this level while it prepares to push ahead.
Due to this dramatic surge, Shiba Inu has established itself as thelargest gaineramong the top 100 assets, towering over Pepecoin (PEPE), which currently boasts a 58.82% surge in 24 hours. SHIB’s push above $0.00002 is a plot to solidly conquer $0.00001 and test the $0.00002 level.