The market capitalizations of shiba inu (SHIB), the Ethereum-based token promoted as “the dogecoin killer”, is rising fast and closing in on that of the original dogecoin (DOGE).
SHIB even briefly surpassed DOGE, before the original dog-themed token rallied, leaving its "killer" behind. In either case, SHIB is now (16:02 UTC) the 10th largest cryptoaset by market capitalization (USD 32.46bn), while DOGE is 9th (USD 33.29bn).
Looking at its performance over the past 24 hours, shiba inu’s rally was unlike anything else in the crypto market today, rising by more than 42% for the past 24 hours at the time of writing, to a price of USD 0.0000658. The massive gains made SHIB today’s best performer among the top 100 most valuable cryptoassets by a
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