![]() ![]() Some of these feature shiba inus wearing a party hat or with laser eyes. Recently shiba inu also released a series of nonfungible tokens called " shiboshis" that are written on the ethereum blockchain. On Wednesday, the rise in price could be attributed to an online petition on that's gotten more than 300,000 signatures calling for Robinhood to be the first traditional brokerage to list shiba inu coin. Instead, shiba inu wanted to be "an experiment in decentralized spontaneous community building" and to give power back to the "average person." So why is it rallying?Ī couple of reasons. Parsed posts and comments at This data is refreshed every hour. verb (used without object), memed, memeing or meming. ![]() a cultural item in the form of an image, video, phrase, etc., that is spread via the internet and often altered in a creative or humorous way. ![]() The token was founded in August 2020 by someone going by the name Ryoshi, whose goal was to move away from "rigid social structures and traditional mindsets," according to its 28-page white paper, or in shiba inu's case, woof paper. Fresh from /r/wallstreetbets - Here are the most mentioned stocks of the last 24 hours. a cultural item that is transmitted by repetition and replication in a manner analogous to the biological transmission of genes. "I don't know if there is room in the market for multiple meme coins," Chris Kline, chief operating officer and cofounder of Bitcoin IRA, told Insider. It even calls itself a dogecoin killer and, like dogecoin, features the Shiba Inu as its mascot. Shiba inu is an ethereum-based alternative to dogecoin, a meme token favored by the likes of Elon Musk and Mark Cuban. But what is shiba inu in the first place? With a market value of $30.9 billion, it is the 11th-biggest crypto. Shiba inu surged as much as 45% Wednesday to a fresh intraday high of $0.00006220, according to data from CoinGecko, taking its gains over the past month to nearly 710%. The meme token, which seemingly vaulted out of nowhere, now could take over dogecoin's spot to become the 10th-largest digital asset in the cryptocurrency ecosystem. Īltcoin season is upon us again, though most are selling off Wednesday, and one unsuspecting front-runner continues to set new records: shiba inu. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The meme token has gained 710% in the past month and could unseat dogecoin for the 10th-largest crypto.Most altcoins sold off Wednesday, but shiba inu continues to set records. ![]()
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