Despite being a memcoin, Shiba Inu ranks 10th among the largest cryptocurrencies by market cap.
$SHIB was affected by the increase during the halving period as it happened in the past.
In addition, it has very strong projects and parts of the currency are burned every day.
However, that's not all, most of the high market cap coins are now concentrating around the highest price they reached in the last halving in preparation for the next halving.
Therefore, it is Shiba Inu's turn to see a strong rise in the coming weeks, if not days, to center around its previous price before halving.
Shiba Inu price before and after the previous halving:
• Before halving (October 2021): $0.00000791
• After halving (May 2022): $0.00008845
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