Shiba Inu Regains $20 Billion Market Cap Level, MATIC Spikes 25%


SHIB climbed by more than 10% during the recent crypto market recovery.

The crypto market came back firmly on Tuesday and has added nearly $150 billion to its overall value in the last 24 hours. Bitcoin has crossed the price level of $51,000 today but the real recovery has been seen among altcoins like Shiba Inu (SHIB) and Polygon (MATIC).

The price of Shiba Inu has increased by over 10% in the last 24 hours. With that, the crypto asset has regained the market capitalization of $20 billion. Digital asset MATIC surprised the crypto community with substantial gains of more than 28% within a single day. In terms of weekly performance, Polygon has spiked by almost 32%.

After reaching a record high level in October 2021, Shiba Inu has seen a gradual decline over the last 6 weeks. Once the worlds 8th largest digital asset, SHIB now stands in the 13th position. With a market value of $20 billion, Shiba Inu is still the second-most valuable meme coin after DOGE.

Read more: Shiba Inu Regains $20 Billion Market Cap Level, MATIC Spikes 25%

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