u.today
Shiba Inu (SHIB) has stunned the cryptocurrency community with its stellar really, soaring more than 70% within a single day.
SHIB, which was created as a Dogecoin offshoot, has managed to significantly outperform the original canine cryptocurrency, which is currently up 10 percent over the last 24 hours.
Shiba Inu has recorded a huge increase in its daily trading volume, which skyrocketed to $5.9 billion on coin ranking site CoinMarketCap.
The impressive figure makes it the fifth most-traded cryptocurrency (behind only Tether, Bitcoin, Ethereum, and the Binance USD stablecoin).
As reported by U.Today, the cryptocurrency started trading on the Coinbase exchange in mid-September.