Shiba Inu Knocked Down Dogecoin, Reaching $40 Billion Market Capitalization

Shiba Inu, the meme-based cryptocurrency, hit its all-time high of $0.00008616, crossing the market capitalization of $40 billion. At that point, Shiba was the 9th largest crypto asset by market capitalization, knocking down Dogecoin, which was the 10th.

However, shortly after, Shiba Inu (which has gained more than 900% in the last 30 days) significantly dropped in value, currently trading at $0.000067, while dogecoin gained more than 27%, trading at $0.303547 and recovering its 9th position in the largest crypto assets list.