Cryptocurrency Shiba Inu overtook Litecoin by capitalization

07-10-2021

Meme cryptocurrency Shiba Inu went up by more than 350% in a week. In the rating of digital currencies by capitalization, the coin was in 12th place at the time of news publication.

Shiba Inu is considered a Dogecoin clone and is gaining popularity not without the help of Ilon Musk. The billionaire continues to influence the rate of meme cryptocurrencies with his Twitter posts. Named after a Chinese dog breed, the coin has already surpassed LightCoin and Bitcoin Cash in terms of capitalization. 

The developers of the new meme cryptocurrency dubbed it the “Dogecoin killer. The creators of the project seek to surpass the Tesla founder’s favorite altcoin in terms of capitalization.

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