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Why Shiba Inu Is Jumping Today

TheMotleyFool

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After sell-offs yesterday, Shiba Inu (CRYPTO: SHIB) is rising in Friday's trading. The cryptocurrency's token price had climbed 4.7% over the past 24 hours of trading as of 3:10 p.m. ET. Over the same period, Bitcoin was up 1.9%, and Ethereum had risen 2.9%.

There doesn't appear to be any major new catalyst pushing Shiba Inu's valuation higher today. Instead, the bullish momentum appears to be a reaction to yesterday's valuation pullback.

Image source: Getty Images.

Source Fool.com

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