Culture

Shiba Inu Token Is the New Cryptocurrency That Plans To Be "The Dogecoin Killer"

The China-born coin has seen a 32,929 percent increase in the past month.

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7,296 Hypes

Shiba Inu Token Is the New Cryptocurrency That Plans To Be "The Dogecoin Killer"

The China-born coin has seen a 32,929 percent increase in the past month.

With Dogecoin as one of the leading meme cryptocurrencies thanks to its support from figures like Elon Musk, Shiba Inu Token is the new dog-themed coin on the rise. The crypto, traded as SHIB, claims that it’ll become “the Dogecoin killer.”

The Shiba Inu coin is relatively new, having launched less than a year ago in China. As of now, a single token is worth less than $0.00002 USD, although it has received much attention since landing on cryptocurrency trading platforms like Binance and OKEx. So far, SHIB has been gaining traction in China with promotions on social media platforms like WeChat and Weibo, seeing a 37,929 percent increase in value over the past month and 2,081,399 percent in the past year.

Despite all of the hype, professionals have warned that the Shiba Inu Token may be much riskier than other cryptocurrencies.

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