The post Rise of the Memecoins: Shiba Inu Leads Weekly Altcoin Surge, Pepe Coin Follows appeared first on Coinpedia Fintech News

Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has shown remarkable resilience in its journey toward success. After hitting a bear market low in June, the coin’s fortunes have taken a positive turn, with a consistent rise in both market capitalization and trading volume.

Excitement Rises for Shiba Inu Community

The last two weeks have proven to be particularly fruitful for Shiba Inu. This surge in success can be attributed to a series of impactful announcements made by its core development team, led by the notable figure Shytoshi Kusama.

Anticipation is building with the upcoming Shibarium launch. Core developers are underscoring the importance of integrating Self-Sovereign Identity (SSI) into SHIB’s layer two. This move is seen as essential for the coin’s future growth prospects. The exact impact still remains to be seen.

Read More: Shiba Inu’s Bearish Pressures Overruled By Bullish Charge! Here’s The Next Upswing For SHIB Price

Shiba Inu is Headed for Success!

Santiment, a leading platform for on-chain intelligence, has singled out Shiba Inu for its outstanding performance in the past week. This success is driven by a notable increase in social activity. Over this period, the coin has experienced an astonishing 65 percent surge in social engagement.