Shiba Inu Soars and Crashes, But It's Still Holding Up This Week

This week was a rather volatile one in crypto land. For meme token Shiba Inu (CRYPTO: SHIB), this was certainly the case.

Most cryptocurrencies saw significant volatility last weekend, as a direct result of the plunge we saw across most risk assets Friday with the omicron variant being deemed a "variant of concern" by the World Health Organization. Since crypto markets are open 24/7, 365, Shiba Inu saw significant declines over the weekend, which were quickly erased on Monday.

Most risk assets traded higher in Monday's session, as the market rethought Friday's sell-off. For Shiba Inu, speculation about a new metaverse game helped send this token well above Friday's close.

Source Fool.com