Shiba Inu, (SHIB), stunned cryptocurrency communities with rising more than 70% in one day.
SHIB was originally created as an Dogecoin offshoot. It has outperformed the dogecoin cryptocurrency which is up 10% over the last 24 hours.
Shiba Inu experienced a significant increase in daily trading volume. SHIB 24 hour volume soared to $5.9 Billion on CoinMarketCap.
Shib is now the fifth most traded cryptocurrency (Volume last 24 hours), behind only Tether and Bitcoin, Ethereum, and Binance USD (BUSD).
Shib began trading on Coinbase in mid-September. Shiba is still down 64% from May 10 record of $0.0003791.