The cryptocurrency meme Shiba Inu (SHIB) continues to show an upward trend, its price per unit currently hovering around $ 0.00004929, after its price soared more than 17% in the last 24 hours, thus beating its previous record of this Monday.
According to data from the portal CoinGecko, the decentralized meme token ranks 11th by market capitalization, surpassing $ 24.5 billion. In the last 30 days, the price of Shiba Inu has increased by 544%.
The cryptocurrency was founded in August 2020 as an alternative to another ‘canine’ cryptocurrency, the dogecoin. The identities of those behind Shiba Inu are unknown, but the creator of the respective blockchain platform goes by the alias of ‘Ryoshi’.