Fun currency rises more than 600 percent in a month

Shiba Inu representation

The Japanese dog breed Shiba Inu is very popular among crypto fans

(Photo: mauritius images / ????????? ??????? / Alamy)

Dusseldorf The fun currency Shiba Inu is preparing to rise among the ten largest cyber currencies. Since the beginning of October, the coin has gained more than 600 percent in value, on Wednesday alone it went up by around 20 percent on a 24-hour basis.

The market capitalization of the coin is now at 22 billion dollars – and thus in eleventh place among the cryptocurrencies. In tenth place, Dogecoin, is also a fun currency with a market capitalization of around 32 billion dollars.

The Japanese dog breed Shiba Inu is very popular among crypto fans: A dog of this breed, for example, adorns the logo of the Dogecoin, which was originally founded in 2013 as a parody of the Bitcoin. The Shiba Inu coin was created in August 2020 to compete with Dogecoin.

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