Shiba Inu, the meme-stock coin ruling the crypto markets for the past week, went up again on Thursday. The Shiba Inu coin worth has whoppingly increased this year!
Well, now to answer the question as to what would be a $1 investment in Shiba Inu coin last year worth today- The total worth of the investment would be $28 million! Yes, that’s right! The dogecoin alternative has increased by a whopping 31 million per cent in the past year and continues to surge!
The cryptocurrency with a Shiba Inu puppy as its mascot rose incredibly high after Elon Musk posted a picture of his new Shiba Inu puppy, Floki!
That alone hasn’t been the reason for the rocketing prices of the meme stock coin. The Shiba Inu team that started the coin for fun has now taken the business seriously and is planning to give a decentralised exchange.
The meme token rose by around 385% this week and more than 50% by the day to become the 12th largest cryptocurrency in the world! The dogecoin alternative has been surging well this month and shows signs of a better October. Rising Candle’s Reddit’s Crypto Sentiments also predicted the same!
The coin was initially created under the alias of Ryoshi in August last year. Presently, the Shiba Inu coin stands at #15 according to CoinGecko, at $0.00002487 by +11.5%.