This Knockoff Coin Is Up Over 90% Today Even As Dogecoin And Shiba Inu Slump – Dogecoin – United States Dollar ($DOGE)

Even as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fell as of Monday night, some of the knockoff coins saw strong gains and one token was up over 90%.

What Happened: Shiba Inu Classic (CRYPTO: SHIBIC) is up more than 93% during the past 24 hours, trading at $0.000001639 at press time.

The coin has gained over 90% against Bitcoin and also surged 95% against Ethereum.

For comparison, Dogecoin is down more than 5% during the past 24 hours, trading at $0.1435 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost more than 6% over the 24-hour period to $0.00002661.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Shiba Inu Classic describes itself as “the people’s token” and says it proposes to build a Super Dapp that will function as a one-stop-shop for decentralized finance (Defi) solutions.

The coin – which touched an all-time high of $0.00002355 earlier on Monday – announced on Twitter that it is newly listed on CoinMarketCap.

Read Next: Bitcoin, Ethereum Face An ‘Uphill Task’ But Investors Spoiled For Choice As NFTs, Metaverse Bets, Altcoins Begin To Shine

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