Tuesday, June 25, 2024

Shiba Inu Surpasses Litecoin, Chainlink And Bitcoin Cash In Terms Of Capitalization

The cost of the “memecryptocurrency has renewed its maximum since May of this year. Over the past day, it grew by 41%, over the week – by 355%.

Shiba Inu token surpassed Litecoin, Chainlink and Bitcoin Cash in terms of capitalization. Altcoin rose to 12th place in the list of the largest cryptocurrencies with an indicator of $ 15 billion. Over the past day, the “meme” coin has grown in price by 41%, over the week – by 355%.

The altcoin price began to rise after the head of Tesla and SpaceX Elon Musk posted a photo of his Shiba Inu puppy on his Twitter account on October 4.

Other Dogecoin clones have risen in price as well. For example, the cost of Dogelon Mars has increased by 84% over the past day.

The Shiba Inu token is called the “Dogecoin killer” by its creators. The project’s website says that its main task is to surpass Elon Musk favorite cryptocurrency in terms of capitalization.

The developers of Shiba Inu claim to have been inspired by the example of the Reddit community WallStreetBets, which artificially inflated the value of the shares of GameStop, AMC and other unprofitable companies.

Read More:

Shiba Inu Token Price Rises 35% After Listing On Coinbase

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