Dogecoin has a rival — its own logo.
The cryptocurrency has spiked 30% within a 24-hour period on Wednesday, hitting a record high above $0.00006, according to a report by CNBC.
Within this past week, Shiba Inu has surged over 166%, according to real time data tracked by CoinMarketCap. Currently, Shiba Inu is sitting under Dogecoin with a market capitalization of $38 billion, but it shouldn’t be long before the digital coin climbs above Dogecoin once again.
What is Shiba Inu coin?
Shiba Inu is a cryptocurrency experiment in decentralized community building, according to Crypto.com. It’s inspired to be similar to Dogecoin.
How to buy Shiba Inu coin in the U.S.
Shiba Inu coin is available to purchase on Crypto.com and eToro.
Coinbase — one of the most popular cryptocurrency trading platforms — also now supports Shiba Inu. If you sign up for a regular Coinbase account, you will also receive $5 worth of bitcoin for free upon verification of ID.
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
If you’re interested in investing in other cryptocurrencies such as Dogecoin, Bitcoin, Ethereum and Tether, here are some options to get you started:
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips
