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Why Shiba Inu Is Gaining Today

TheMotleyFool

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The cryptocurrency market has seen volatile trading recently, but it's enjoying a day of positive momentum on Saturday. Shiba Inu (CRYPTO: SHIB) is benefiting from the trend, and its token was up roughly 3.8% over the previous 24-hour period as of 2:15 p.m. ET Saturday.

Most of the top-50 largest cryptocurrencies were in the green across this period. Market leaders Bitcoin and Ethereum had seen their token prices climb 2.4% and 5.3%, respectively. Shiba Inu is now up roughly 11% over the last week of trading, but it's also lapping some big sell-offs that took place last weekend and is still down roughly 35% in 2022.

Image source: Getty Images.

Source Fool.com

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