News on October 28, TradingView data shows that since trading at a low of $0.0000069 on October 1, the price of SHIB has soared 914% to a record high of $0.0000699 on October 27, and its 24-hour trading volume has soared. Increased 137% to 24.67 billion U.S. dollars.
Analysts said that the three reasons for the surge in Shiba Inu’s price and trading volume include:
- Listed on multiple crypto exchanges, users have increased access to the token.
- Shiba Inu launched its own NFT series called Shiboshi’s.
- Its futures holdings on multiple exchanges such as OKEx, FTX and Huobi have surged.