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Shiba Inu’s SHIB token has risen 42% in the last 24 hours thanks to Elon Musk’s new puppy

Fintech Correspondent

A second cryptocurrency inspired by memes featuring the Japanese dog breed shiba inu has quickly risen up the ranks of popular digital assets, after a tweet by Tesla boss Elon Musk about his new puppy.

Shiba Inu’s SHIB token has risen 42% in the last 24 hours to a market capitalisation of $15.4bn, making it the 12th largest cryptocurrency globally, according to a ranking by CoinGecko.

Here’s how shiba inu became the world’s 12th largest crypto

Emily Nicolle

Cryptocurrency Markets

Money/Currency Markets

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Elon Musk

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