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Dogecoin Competitor, SHIB Rallies Up To 87% in Just One Day

As Crypto Market turns Green, SHIB is ag the top of the spotlight. Shiba Inu is a dog-themed competitor to Dogecoin (DOGE).

Additionally, Memecoins is at it again as DOGE competitor Shiba Inu (SHIB) sees 87% rally in just a single day.

Notably, It sits at the 22nd position in crypto asset by market cap. Meanwhile, It was trading at $0.00000000008 on January 1st. Of course, tweets of Tesla CEO Elon Musk pushes SHIB to 47,387,400% increase to an all-time high of $0.00003791 on May 10th. However, before declining slightly back for the last past months.

Notably, Musk tweets a photograph of his Shiba Inu puppy.

Floki Frunkpuppy
— Elon Musk (@elonmusk) October 4, 2021

Related Posts – Shiba Inu coin (SHIB) Spikes After Coinbase Listing, Traded $2 billion

Consequently, SHIB starts off a rally, making up to 212% above former prices.

Shiba Inu is a meme token that aims to be an Ethereum-based alternative to DOGE. It packs up more than 8,600,000% this year and is recently on Coinbase.

Also, This recent price surge takes SHIB from $0.00000692 some week ago to $0.00002010, according to CoinGecko.

From The Shibu Inu website, Shiba Inu is a “decentralized meme token that evolved into a vibrant ecosystem.”

Conclusively, the decentralized platform (DeFi) ShibaSwap was launched in July to provide users the ability to stake, swap, provide liquidity. Also, to earn passive income rewards.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.