Posted on Oct 30, 2021 at 10:00 AMUpdated Oct 30, 2021, 10:18 AM
With its little hairy ears erect on the head, the shiba inu does not lead by far compared to the formidable bull of Wall Street. However, the cryptocurrency created for fun in August 2020 still reached $ 37 billion in capitalization on Friday; it overtakes the USD coin, the US dollar-backed crypto. Its valuation soared 152% on Coin Gecko in one week. 900% in one month.
The shiba inu is on the way to catching up with the dogecoin, the other great parody crypto that sports this Japanese dog as a symbol. The two currencies are now competing for the ninth largest cryptocurrency in the world. Dogecoin was born in 2013. The idea of its creator was to parody the two Internet phenomena of the year: cryptocurrencies, which multiplied in the wake of bitcoin, and the montages of a photo of a purebred dog. shiba inu, very resumed online. While a lot of the cryptos have disappeared, dogecoin has survived, maintained by Internet users on Reddit and by… Elon Musk.