Shiba Inu SHIB/USD traded 2.3% higher over 24 hours at $0.00003825 Monday morning.
What’s Moving? The Dogecoin DOGE/USD-rival has shot up 26.15% over a seven-day trailing period.
Over 24 hours, SHIB moved 0.8% higher against the apex cryptocurrency Bitcoin BTC/USD and fell 0.7% against Ethereum ETH/USD. SHIB trading volumes rose 28.4% in the period.
Over a 30-day time frame, SHIB has declined 7.3%, while over the last 90 days it has soared 419.1%.
See Also: How To Buy Shiba Inu (SHIB)
Why Is It Moving? SHIB traded higher in tandem with DOGE and other major coins as the global cryptocurrency market cap rose 1.95% to $2.4 trillion over 24 hours at press time.
SHIB was among the most mentioned coins on Twitter. It attracted 567 tweets at press time, according to Cointrendz data.
The two most mentioned coins, BTC and ETH, attracted 2,350 and 864 tweets respectively. SHIB was also seen trending on the price aggregation website CoinMarketCap.
CoinMarketCap tweeted recently that SHIB recorded 188 million views in 2021 making it the most viewed cryptocurrency of the year. BTC and DOGE were the second and third-most viewed coins.
Over the Christmas weekend, Winklevoss twins’ Gemini Exchange held a poll on Twitter. The exchange asked its Twitter followers if SHIB will go to the moon or if Dogelon Mars ELON/USD is bound for the red planet. SHIB was the winner of the poll by a narrow margin.
#Shib to the moonor #Dogelon to mars
— Gemini (@Gemini) December 23, 2021
Bigger Entertainment, the company associated with a Spotify Technology S.A. SPOT playlist that burns SHIB tokens with every song that is streamed, tweeted that it had burned hundreds of millions of tokens on Sunday.
Today we burned over 239 Million #SHIB gave away a FREE NFT, a blend of @ShibaCoffeeCo coffee & had over 2,000 viewers deep at A Very Merry Shiba Christmas! #SHIBARMY we salute you! etherscan link of verified burns: https://t.co/Q3DbCj1d0C pic.twitter.com/awll7nPORI
— Bigger Entertainment (@biggerent) December 26, 2021
On Friday, Big Entertainment had said it was on track for burning 176 million SHIB at its Christmas party.
SHIB’s team along with Gokhshtein Media CEO David Gokhshtein are coming together on Dec. 29 at 6 p.m. PT to hold the first-ever SHIB Ask Me Anything (AMA) on Twitter Spaces.
#ShibArmy we have some exciting news!@Shibtoken, alongside @davidgokhshtein, and team will come together on December 29th, at 6PM PST, to host Shiba's first #ShibAMA on Twitter Spaces.
— Shib (@Shibtoken) December 25, 2021
We are looking forward to engaging, and chatting with YOU! https://t.co/W619DArjqg
Woof! pic.twitter.com/IoKaQR4qYj
In May this year, Gokhshtein tweeted he was no longer going to “diss” SHIB. Later in the year, he noted SHIB’s popularity on Twitter and said it was good for the cryptocurrency space.
“As long as we can keep bringing more people here it’s all good,” said Gokhshtein.
Read Next: Ethereum L2 Protocols Were Expected To Make Hay As Gas Fees Soared But…It Was Not Meant To Be?
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