It has been under discussion that Shiba Inu Coin could overtake dogecoin as cryptocracy, The Shiba Inu Coin Jumped 67% on Wednesday, 27th October 2021 and reached a market value of about $31.5 billion.
Becoming the 11th largest cryptocurrency by market value. The coin launched in 2020 and the Brand itself is a “dogecoin killer”. It’s worth more than United Airlines and nearing dogecoin. The Joke Coin that become a favorite of online traders and has a market value of $33 Billion. It was not entirely clear why Shina Inu’s price jumped this week. More than 300,000 people have signed the petition asking the popular trading app Robinhood to list the Shiba Inu coins.
The frenzy for competing Shiba Inu-themed coins has sparked an affection in the crypto community for the breed itself. When Tesla CEO Elon Musk posted a new photo of his Shiba Inu puppy values for both Shiba Inu Coin and another meme coin soared. Musk tweeted on Sunday 24th October 2021.
Whereas, the tweet of Nacho Dominis says that
Ppl talking about #MemeCoins and they don’t truly understand the difference. Experts talking ‘bout #Shiba to be one of them, but they were inspired on a meme coin. That’s a BIG difference. #ShibaInu has a project, it’s not ‘just for fun’ Crypto #ShibaArmy
— Nacho Dominis (@nachodominis) October 28, 2021