Shiba Inu’s Ascendance Pushes ETH Pricing to New Heights

ETH’s price rose above $4,400 this morning as the Shiba Inu cryptocurrency, which is also based on the Ethereum blockchain, enjoyed a massive surge in popularity.

Coinbase puts the price of ETH at $4,429 at the time of writing. That’s a month-over-month increase of approximately 58 percent, and according to CoinDesk, it’s at least partly because Ethereum burned more tokens than it emitted in the last 24 hours.

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