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The Wall Street Publication > Blog > Markets > Shiba Inu Can Bite Its Owners
Markets

Shiba Inu Can Bite Its Owners

Editorial Board Published October 29, 2021
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Shiba Inu Can Bite Its Owners
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Much popular. Such irrational.

On Friday, the value of the Shiba Inu coin overtook that of Dogecoin, the cryptocurrency it was designed to “kill.” Sporting the ninth and 10th highest crypto market capitalizations, respectively, they are worth $80 billion combined, according to CoinMarketCap.com. There is no ultimate limit of the number of Dogecoins minted, and the cap for Shibu Inus is set at one quadrillion coins. With petitioners trying to get brokerage firm Robinhood to allow trading of the upstart coin, launched only last year via a “woofpaper,” the sky seems to be the limit.

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