The rise of the popular meme coin Shiba Inu is unstoppable. Shiba Inu (SHIB), a cryptocurrency inspired by the hunting dog breed in Japan, is now the 15th largest cryptocurrency by market cap. At the time of writing, SHIB is the top 100 bullish leader and is up 360 percent in the last 7 days. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
The rise of the popular meme coin Shiba Inu is unstoppable!
According to data provided by CoinMarketCap, the coin created by anonymous developer named Ryoshi in late 2020 has now surpassed Litecoin, Chainlink and Bitcoin Cash. SHIB is just 18 percent away from reclaiming its all-time high on May 10. The Dogecoin killer has soared more than 300 percent in just one week, making it the top-performing cryptocurrency amid extremely strong individual interest.
Shiba Inu’s daily volume has reached $19.4 billion and is currently the most traded cryptocurrency on Binance, Coinbase and Huobi. Dogecoin, the original meme coin, has actually dropped 5% in the last 24 hours. This uptrend has escalated the fierce competition between Dogecoin and Shiba Inu fans. Self-proclaimed Dogecoin millionaire Glauber Contessoto recalled that recently Ethereum co-founder Vitalik Buterin donated some of the SHIB tokens gifted to him and burned the rest.
Vitalik Buterin joins the advisory board of the newly formed Dogecoin Foundation
Meanwhile, Vitalik Buterin has joined the advisory board of the newly formed Dogecoin Foundation. Dogecoin co-founder Billy Markus even claimed to have received a death threat from the Shiba Inu community in May. Tesla CEO Elon Musk has yet to acknowledge the billionaire SHIB, although many have suggested that a recent photo of a Shiba Inu puppy may have triggered the triple-digit rally. At the time of writing, DOGE killer SHIB is the ascendant leader of the top 100 and has increased 360 percent in the last 7 days. The popular altcoin currently has a market cap of $12.7 billion.
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