Many altcoins have been surging lately. One of the reasons for the "altcoin season" is the Bitcoin dominance index drop, which currently stands at around 43.92%.
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Shiba Inu (SHIB) and Litecoin (LTC) have reached new all-time highs surpassing $0.000036 and $412 respectively.Over the previous 7 days, the price of Shiba Inu has seen around a 1587% increase reaching $0.000036. Currently, the token ranks the 18th in terms of the market cap which is higher than $11.4 billion.
Today, May 10 leading cryptocurrency exchange Binance announced the listing of SHIB in its innovation Zone. After the news went public, SHIB surged to $0.000032 from $0.000013.SHIB is an ERC 20 token that is a meme coin like DOGE.
Another altcoin that has surpassed previous price records today was Litecoin (LTC). The token has seen around 37% growth in a week and reached a new all-time high of $410. LTC ranks the 10th with a market cap of over $26 billion.