The price of Shiba Inu (SHIB) has risen 35% over the past 24 hours on the Binance exchange, now ranks 12th by market capitalization, overtaking Avalanche (AVAX).
Meanwhile, Dogecoin, the original meme coin, managed to return to the top 10 on CoinMarketCap after a 10% increase.
However, Dogecoin and Shiba Inu are still down 89% and 81% respectively from their record highs.
According to WhaleStats, Shiba Inu is among the top 10 by trading volume among the largest 1000 ETH whales. On August 2, the developer behind Shiba Inu announced the highly awaited name of the collectible card game. Long as Shiba Eternity, which leads to positive expectations
More than 292 million Shiba Inu tokens have been burned in the last 24 hours. According to the Shibburn website, it acts as another catalyst for Shiba Inu’s rise, believing that burning the tokens would have a positive effect on the price.
Michi Lumin, the developer of the Dogecoin Foundation, has released libdogecoin, a Dogecoin blockchain C library that allows Dogecoin to be directly integrated into a variety of platforms without the need for developers to have in-depth blockchain knowledge.
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