Bitcoin, which rose noticeably in price yesterday, can only envy the growth dynamics of another digital coin – Shiba Inu. During the week, she added more than 320% of the cost, daily growth – about 35%. Such a rise allowed Shiba Inu to enter the Top 20 cryptocurrencies in the world: in the CoinMarketCap rating, it has secured 17th place.
The capitalization of Shiba Inu is currently almost $ 12 billion. Bitcoin, of course, is far away, but Chainlink and Litecoin are just a stone’s throw away. What contributed to such a rapid rise in the value of Shiba Inu?
Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf
— Elon Musk (@elonmusk) October 4, 2021
Elon Musk, his Twitter page and the photo of Floki’s puppy posted on it on October 4th. Floki belongs to the breed of Japanese hunting dogs Shiba Inu, and one photo of a billionaire puppy was enough for the meme digital coin to enter the Top 20 major cryptocurrencies in the world.
Shiba Inu was created last year by someone named Ryoshi. Its description indicates that it is “a decentralized meme token that has evolved into a vibrant ecosystem“. It looks like Ryoshi was inspired by another meme cryptocurrency, Dogecoin, created as a joke in 2013. Meanwhile, Dogecoin and Litecoin are already accepted as a means of payment in the world’s largest movie theater chain, so it is possible that Shiba Inu will grow to the heights of universal (almost) acceptance.
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