SHIBA’s Rocket to the Top
Dogecoin struggles to keep pace with Shiba Inu’s record-breaking surge even as Elon Musk boosts his favorite cryptocurrency.
Self-proclaimed “Dogecoin killer” Shiba Inu gained as much as 60% to hit a record high of $0.00008616 on Wednesday.
Its gains rocketed it to the 8th-biggest cryptocurrency spot as it overtook Dogecoin in market value.
Created in August 2020, Shiba Inu has taken less than two years to become a contender for a top 10 cryptocurrency spot. On Thursday, $SHIB’s market cap of trumped a total of $40 billion.
Elon Musk responded on twitter with some heat…
If you had invested $100 into $SHIB a month ago, today it would be worth $1260.
But don’t derive your investment strategy on what ifs…the market will either undergo a massive correction or a massive second breakout.