Shiba Inu Coin: 45% jump in this Cryptocurrency in 24 Hours
Shiba Inu Coin is also in a lot of discussion these days. Shiba Inu Coin (SHIB) has once again surprised everyone in the cryptocurrency market. Recently, the value of this crypto has seen a very sharp increase. There has been a jump of more than 45 percent in the last 24 hours. Talking about the current market capitalization, it is the fastest growing cryptocurrency among the top 100 coins in the market.
The Shiba Inu coin is built from Ethereum and is the fastest growing cryptocurrency among the top 100 coins in the market in terms of market capital at the present time. The Shiba Inu coin is seen as an alternative to Dogecoin.
45% up in 24 hours
The Shiba Inu has gained 45% in price during the last 24 hours. On Tuesday, Shiba Inu was trading at $0.00001264 and its market cap reached $4,987,163,972. This is 49% more than on Monday. Meanwhile, the rates of all major cryptocurrencies fell on Monday. However, there was a slight increase in some other coins as well.
Because of this the acceleration
Tesla Chief Elon Musk made a tweet late Sunday night before the Shiba Inu accelerated. This tweet was indicating that Shiba Inu may now be separated from Dogecoin. Because of this, the Shiba Inu climbed up to 49% in just one day.
Musk shared Puppy’s photo
Musk posted a photo of his puppy on Twitter and wrote Floki Frunkpuppy. Cryptocurrency enthusiasts took this tweet as a sign that Shiba Inu may now be separating from Dodgecoin. According to the official website, a separate community of Shiba Inu is being built, due to which it has gained momentum.
The Shiba Inu climbed 49% between Monday and Tuesday. Despite this, its value is very less. According to Coinbase.com, the Shiba Inu has climbed 8000% in the past year. Bitcoin is the oldest cryptocurrency and has low volatility. But the Shiba Inu has a lot of ups and downs. An important reason for this increase is the Elon Musk effect. Shiba Inu accelerates after each of his tweets.