Shiba inu coin — which appears to be inspired by dogecoin, itself a meme currency — is up more than 40% over the last seven days, according to CoinGecko. The website ranks the coin as the 11th biggest cryptocurrency.
New Delhi The parody cryptocurrency shiba inu coin just climbed to an all-time high and is one of the biggest digital currencies by market value.
Shiba coin — which appears to be inspired by dogecoin, itself a meme currency — is up more than 40% over the last seven days, according to CoinGecko. The website ranks the coin as the 11th biggest cryptocurrency. The token has gained more than 45 million percent in the past year, the site indicated. It later fell about 10% from its all-time high after Tesla CEO Elon Musk — who is a big fan of dogecoin — tweeted that he does not own any shiba coin.
Like another quirky digital currency Dogecoin — which is the ninth biggest crypto by market value — shiba coin features the Shiba Inu dog as its mascot. Its meteoric rise has made some investors millionaires overnight. Read MoreThe coin has also won a handful of celebrity backers, from former boy band stars to pro athletes.Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba coin to a Covid-19 relief fund in India.A Change.
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