Shiba Inu’s price continued its recovery this week as Bitcoin and most altcoins bounced back and the crypto fear and greed index stabilized.

The SHIB token has risen for four consecutive days, reaching a high of $0.0000020, its highest point since June 17.

Shiba Inu token burn momentum slows

Shiba Inu’s rally coincided with Bitcoin jumping to a high of $65,000 for the first time since June 19 and the crypto fear and greed index approaching the greed zone of 60.

Other meme coins have done well this week. As was reported earlier, tokens like Pepe, Floki, Dogwifhat, and Brett were up by over 20% in the past hours. 

Notably, Shiba Inu’s daily trading volume of $650 million was smaller than Pepe’s $2.9 billion. It was also lower than Dogwifhat’s $978 million and Floki’s $978 million. …