The same coin holds up amid a market correction
Bitcoin, which hit a new all-time high of $69,000 on Wednesday, is now down 3.92%, exerting pressure on the broader cryptocurrency market.
Aside from Shiba Inu and two stablecoins, all of the other top 30 cryptocurrencies are also in the red.
XRP and Algorand (ALGO) are down more than 8%. Litecoin, however, is the biggest laggard, shedding 9%.
menuOMG Network (OMG), the 66th largest crypto, stands tall, climbing 12% in the last day.
SHIB is still down 36% from its all-time peak of $0.00008616 that was reached at the apex of retail mania in late October.
However, it looks like the token is back in rally mode amid growing adoption. As reported by U.TodayAMC Theaters CEO Adam Aron has confirmed that the movie giant will start accepting Shiba Inu for the purchase of tickets.
