This Knockoff Coin Is Up Over 90% Today Even As Dogecoin And Shiba Inu Slump

Even as Dogecoin DOGE/USD and Shiba Inu SHIB/USD fell as of Monday night, some of the knockoff coins saw strong gains and one token was up over 90%.

What Happened: Shiba Inu Classic SHIBIC/USD is up more than 93% during the past 24 hours, trading at $0.000001639 at press time.

The coin has gained over 90% against Bitcoin and also surged 95% against Ethereum.

For comparison, Dogecoin is down more than 5% during the past 24 hours, trading at $0.1435 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost more than 6% over the 24-hour period to $0.00002661.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Shiba Inu Classic describes itself as “the people’s token” and says it proposes to build a Super Dapp that will function as a one-stop-shop for decentralized finance (Defi) solutions.

The coin - which touched an all-time high of $0.00002355 earlier on Monday - announced on Twitter that it is newly listed on CoinMarketCap.