Shiba Inu (SHIB), a cryptocurrency named after a Japanese hunting dog, has climbed into the top 15 cryptocurrencies in terms of market valuation.
According to CoinMarketCap data, the cryptocurrency, which was established by an anonymous developer named Ryoshi in late 2020, has already cheated Litecoin, Chainlink, and Bitcoin Cash.
SHIB is only 18% in favor of reinstating its May 10 peak power. Shiba Inu (SHIB) was once one of the top 15 largest cryptocurrencies in terms of market capitalization. Today, the meme coin price reached a new high, extending the chain of increasing days to ten. At the time of writing, SHIB is trading at $0.00003 USD.
However, SHIB needs to rise another 42 percent to reach the all-time high of $0.00005 on May 10, 2021.
Dogecoin’s decline increased by more than 300 percent in just a week, becoming the most effective cryptocurrency among strong trading interest rates.
Shiba Inu’s daily volume has reached $ 19.4 billion and is currently the best-selling cryptocurrency at Binance, Coinbase, and Huobi.
Dogecoin, a real canine meme coin, actually fell 5% in the last 24 hours.
The uptrend escalates a bitter feud between Dogecoin fans and Shiba Inu.
Glauber Contessoto, a Dogecoin millionaire, recently recalled that one of Ethereum’s founders, Vitalik Buterin, donated half of the SHIB tokens he had donated and burned the rest. Meanwhile, he joined the newly formed Dogecoin Foundation’s advisory board.
In May, Dogecoin creator Billy Markus claimed to have received death threats from the Shiba Inu community.
Elon Musk, CEO of Tesla, has yet to endorse SHIB, despite many speculating that a recent photo of his puppy Shiba Inu may have kicked off a three-digit conference.