Dogecoin And Shiba Inu Slump, But These Knockoffs Are Striking Major Gains Today

Dogecoin And Shiba Inu Slump, But These Knockoffs Are Striking Major Gains Today

Some of the Dogecoin DOGE/USD and Shiba Inu SHIB/USD knockoffs are seeing strong gains as of Tuesday night even as both Dogecoin and Shiba Inu extended losses.

What Happened: GenshinShibInu GSHIB/USD is up 2258.25% during the past 24 hours, trading at $0.00000002649. The cryptocurrency touched an all-time high of $0.00000004188 earlier on Tuesday.

The token has skyrocketed 2863.8% against Bitcoin and also surged 2905.1% against Ethereum.

Among the other knockoff coins, Elonomics ELONOM/USD has surged 749.9% during the past 24 hours to $8.24 and Floki Meta MFLOKI/USD has risen 81.9% to $0.0000007418.

FlokiFomo FLOKIFM/USD has gained 80.35% over the past 24 hours to $0.000000002603.

See Also: How To Buy Dogecoin (DOGE)

For comparison, Dogecoin is down 3.6% during the past 24 hours, trading at $0.2393 at press time. Shiba Inu, the self-described “Dogecoin killer” has lost 4.6% over the past 24 hours to $0.00004917.

Why It Matters: GenshinShibInu describes itself as an artificial intelligence (AI) rebase and reward token on the Binance Smart Chain (BSC) network that rewards holders with the Shiba Inu token.

The coin announced on Twitter that its billboard advertisement has gone live in Times Square, New York.

Elonomics, named after Tesla Inc. TSLA CEO Elon Musk, says it is a rebase token built on the BSC network that rewards its holders with stable coin Binance USD.

Floki Meta, which touched an all-time high of $0.00000139 on Monday, describes itself as the “very first dog meme in the Meta.”

The coin announced its first token burn on Twitter.

FlokiFomo, a newly-listed coin named after Musk’s pet dog Floki, says it is a BEP-20 token based on BSC that intends to launch non fungible token (NFT) games.

The token announced on Twitter that it is now listed on CoinMarketCap.

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