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%.
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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.
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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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