Shiba Inu’s market capitalization has eclipsed $12 billion
Shiba Inu (SHIB), a cryptocurrency inspired by the breed of hunting dog from Japan, has now entered into the top 15 biggest cryptocurrencies by market capitalization.
Shiba Inu has soared more than 300 percent in just a week, becoming the best-performing cryptocurrency amid exceptionally strong retail interest.
The uptrend escalated the bitter rivalry between the fans of Dogecoin and Shiba Inu.
Self-proclaimed Dogecoin millionaire Glauber Contessoto recently recalled that Ethereum co-founder Vitalik Buterin had donated part of the SHIB tokens that were gifted to him to India and then burned the rest.
Shiba Inu’s Market cap now rests at $9 billion