Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traded subdued on Sunday evening along with other major cryptocurrencies.
However, some of the knockoff coins are seeing gains, with Black Shiba Inu (CRYPTO: SHIBB) up 105% during the past 24 hours to $0.00000005747.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
What Happened: Black Shiba Inu has surged more than 100% each against Bitcoin and Ethereum.
Black Shiba Inu, In Numbers:
- 24-Hour Performance: +105.0%
- 7-Day Performance: +188.9%
- 30-Day Performance: +77.5%
- YTD Performance: +70.5%
For comparison, Dogecoin is down 3.0% during the past 24 hours, trading at $0.1380 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost 4.9% over the 24-hour period to $0.00002051.
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Black Shiba Inu describes itself as a meme coin plus utility in the cryptocurrency sphere. The token says its top ten holders will be rewarded with the “Bone” token that will can later be traded on PancakeSwap.
The coin recently announced on Twitter that it will release a few updates regarding Metaverse, non fungible tokens (NFT) and games in February.
#HODL,, this February #SHIBB will release some few updates regarding #gamiFi #metaverse #nft
— BLACK SHIBA INU $SHIB B (@blackshiba_king) January 24, 2022
pic.twitter.com/wB9CHWyZE1
Read Next: Crypto Analyst Justin Bennett Says Bitcoin Will Break Above $40,000 By Monday