SHIBA INU (SHIB), a meme coin, has soared over 760% so far on a seven-day trailing basis emerging as the cryptocurrency with the highest gains in the period, according to CoinMarketCap data.
What Happened: SHIB has skyrocketed 768.91% in a seven-day period and was trading 1.01% over 24 hours higher at $0.00001525 at press time on Sunday night.
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SHIB claims it has been nicknamed “Dogecoin Killer.” In terms of weekly gains, it left behind
Dogecoin (DOGE), which rose 46.92% in the period and was trading 15.4% lower at $0.56 at press time.
DOGE is the fourth-largest cryptocurrency by market capitalization, while SHIB, a new coin, has already reached the no. 30 spot in the list of cryptocurrencies by market capitalization as arranged by CoinMarketCap.