Shiba Inu Surpasses Dogecoin To Become No 1 Among Meme Cryptocurrencies

New Delhi: Shiva Inu coin reached high after a huge jump in the price of the meme cryptocurrency Shiba Inu continued on Thursday.

In the last 24 hours, this cryptocurrency has gained 77.5 percent and its market cap has reached beyond Dogecoin. Shiba Inu is now the 7th largest cryptocurrency in the world. It has surpassed Dogecoin to become number one among Meme cryptocurrencies.

Except Shiba Inu, the top 10 cryptocurrencies in the world have declined in the last 24 hours. Shiba Inu is now more valuable than USD Coin, Polkadot and XRP. If its market cap rises by $5 billion, it will overtake Solana.

If Shiba Inu was an Indian company, it would be the 11th most valuable company in the country. Its market cap doubled to $51.6 billion in the last 12 hours. Its market cap is higher than that of giants like Wipro and HCL Tech.

According to CoinMarketCap, the Shiba Inu is the 11th largest cryptocurrency by market cap in the world.

After a tweet of Tesla CEO Elon Musk, there was a rise in this coin.

It is expected that in the coming days, the value if the coin will rise. Notably, the coin has witnessed a huge jump in just one year.

The coin was launched as a joke and it is known as Dogecoin killer. The coin attracted investors after witnessing a rise in the price.

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