2 Reasons Why Shiba Inu Has Surged More Than 30% Today

Today, popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) has surged more than 32% as of 9:30 a.m. ET. This move brings Shiba Inu to new weekly highs, and is a continuation of strong momentum yesterday.

There appear to be two key catalysts behind today's price action.

First, market-related exuberance appears to be back, with most major cryptocurrencies trading significantly higher today. That said, Shiba Inu is currently the biggest winner out of any top-50 token, suggesting this meme cryptocurrency could have regained its momentum.

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Source Fool.com