[Introduction]: Musk tweeted a picture of his dog Floki on October 4th and since then, Shiba Inu (SHIB) has risen by up to 337% in price. The market cap of SHIBA INU pushed past $10 billion, reaching a maximum of $14 billion. According to Coinmarketcap, it currently ranks 20th by market capitalization, outperforming many popular projects such as Polygon, Filecoin, and Cosmos among others. What is SHIB and which factors have caused its increase in price. This article will dive into these questions.
[Key words]: SHIB, Elon Musk, Crypto Whales
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Oct. 13rd, 2021
