Reuters
Dogecoin watch out! ‘Shiba inu’ token muscles into cryptocurrency top 10
Meme-based cryptocurrency shiba inu soared more than 45% over the past 24 hours, muscling into the top-10 largest digital tokens by market capitalization. Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use. Yet its price has rocketed around 160% this week, according to CoinMarketCap, leapfrogging dogecoin to become the No. 8 cryptocurrency, with a $42 billion capitalization.
