Cryptocurrency traders were worried as the year started and Shiba Inu didn’t seem to be doing so well, but it appears to be on the rebound.
Cryptocurrency lost $1 trillion in value in just one week in January.
Last Tuesday, according to Marca, Shiba Inu rose 12% making its weekly rise 52%.
That’s higher than Bitcoin and Ethereum by over 30%.
The value of Shiba Inu is currently $17.9 billion dollars.
It is the 13th most valuable crypto coin in the market now at $0.00003277 per coin.
How did Shiba Inu recovery in the crypto market?
There were a few changes that worked out in Shiba Inu’s favor.
First, a blockchain solutions provider started working with the Shiba Inu community.
The provider is out of Singapore and has worked with Google and Amazon in the past.
Unification is the name of the company. It has developed a two layer blockchain built on Ethereum’s blockchain.
Shiba Inu partnered with a burger restaurant called Welly’s which is be the only Shiba Inu cryptocurrency themed restaurant in the community.
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