Following a prolonged period of stagnation, the cryptocurrency market is finally showing signs of life. In August 2023, cryptocurrencies like BTC and ETH demonstrated higher volatility compared to tech stocks.

With developments such as the introduction of the BTC ETF and XRP's legal victory over the SEC, the entire cryptocurrency ecosystem is experiencing a resurgence. While major cryptocurrencies attract attention, meme coins remain prominent in the market.

Shiba Inu, BONE, and LEASE are notable meme tokens in the market. Shiba Inu ranks 19th among these three, with a current market capitalization of $4,698,536,338.

BONE holds the 159th position, and LEASE is ranked 478th among the top cryptocurrencies, in an industry boasting over 22,904 cryptocurrencies. Despite this vast array, these meme coins continue to attract investor interest.

Lucie, a lead developer from Shibarium, recently discussed this on X. Her tweet highlighted how SHIB, BONE, and LEASH remain popular choices among investors despite market challenges.

As expected, Lucie's tweets and the prevailing market conditions generated interest among traders. Many of them sought Shiba Inu price predictions to reassess their investment portfolios.

Currently, Shiba Inu is trading at $0.000007932, reflecting a 9.87% increase over the past week. BONE is trading at $0.7592, showing a 1.58% increase in the past week, while LEASE is trading at $309.19, with a 4.83% growth over the last week.

While Bitcoin continues to wield considerable influence over the market, Shiba Inu is preparing for several Shibarium updates. With this positive sentiment prevailing, traders anticipate growth for SHIB and other meme coins in the coming months.