Why is Shiba Inu market cap so high?

Interestingly, Shiba Inu has emerged as “The Dogecoin Killer” beating the likes of cryptocurrencies such as Uniswap, Luna, USD Coin, Polkadot and XRP in market cap terms. The rise is speculated to be fuelled after tech billionaire Elon Musk , tweeted a photograph of the SHIB coin going to the Moon on October 18.

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