barrons.com
Cryptocurrencies linked to Shiba Inu —a digital asset originally based on an internet joke—were outperforming as the prospect of a wider blockchain universe linked to those tokens inched closer to reality.
Shiba Inu is a so-called memecoin because it was launched initially as mostly an online joke. The token—the 15th-largest crypto—was named in reference to Dogecoin another memecoin that itself is a play on an internet meme involving a Shiba Inu dog.