Over the past 24 hours, the price of Shiba Inu (SHIB) has surged nearly 6%, bouncing back from recent dips. This rise comes after a period of volatility that saw SHIB briefly dip below $0.0000057. Today’s price hike places the memecoin’s price just above $0.0000061, and the question on traders’ minds is whether this is the start of a new upward trend or just another short-lived rebound. What’s driving SHIB’s price surge beyond charts? Several factors appear to be driving this Shiba Inu price rebound. To start with, the easing of geopolitical tensions has restored some risk appetite in global markets, and investors are returning to high-volatility assets, and meme coins like SHIB have been among the biggest beneficiaries.
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