Ethereum Meme Token SHIB Flips Dogecoin as Bitcoin Slumps

[Tamsialu$$]

Dog days for DOGE as the leading meme coin has now been dethroned by a surging SHIB, which has entered the Top 10. Shiba Inu was pegged by some as a Dogecoin knockoff when it first caught fire this past spring, but now the apprentice token could soon become the meme master: SHIB has launched into the top 10 coins by market cap and has now overtaken DOGE on the list. Meanwhile, Bitcoin and much of the wider market are down today.

Following a massive 45% spike in value over the last 24 hours per data from CoinGecko, Shiba Inu, an Ethereum-based token, is currently at a new all-time high price of $0.00006856 per token. Over the last week, SHIB has climbed nearly 144%. Right now, that puts SHIB’s market cap above $32.7 billion, vaulting it over stablecoin USD Coin (USDC) for the 9th place spot on CoinGecko’s list. This is the first time that Shiba Inu has entered the top 10 coins ranked by total market cap.more info

[Noverteno]

I am not interested in these joke coins, as they may lose all their value at any time. Whoever wants to take risks, let them take risks. There are many decent and useful cryptocurrencies on the cryptocurrency market, in which you can invest your funds without much risk and which will only increase their price over time.
It is difficult to predict who is pulling the price strings of these meme coins, but in the end it could turn into a big scam.