Dogecoin DOGE/USD and Shiba Inu SHIB/USD rose on Monday evening along with other major cryptocurrencies.
Some of the knockoff coins are also seeing gains, with ShibaDoge SHIBDOGE/USD up 63% during the past 24 hours to $0.000000000000000673.
What Happened: ShibaDoge has surged more than 57% against Bitcoin and also gained over 52% against Ethereum.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | +63.6% |
| 24-hour against Bitcoin | +56% |
| 24-hour against Ethereum | +52% |
| 7-day | +596.9% |
| 30-day | +1068.8% |
| YTD | N/A |
For comparison, Dogecoin is up 2.4% during the past 24 hours, trading at $0.1414 at press time. Shiba Inu, the self-described “Dogecoin killer,” has risen 4.2% over the 24-hour period to $0.00002138.
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Shiba Doge says it plans to ultimately merge the communities behind Shiba Inu and Dogecoin. The coin’s short-term goal is to merge 1% of that audience, creating value for over 50,000 holders and over $400 million in value.
The coin announced on Twitter that it has reached a market capitalization of $100 million in its first month.
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Photo: Jose Rodrigo Safdiye/Benzinga
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