Shiba Inu has now achieved the status of being the second largest meme cryptocurrency in terms of market cap and has been gaining adoption in recent months thanks to high profile endorsements from celebrity fans such as Eon Musk.
Sitting just behind Dogecoin in the global market, Shiba Inu is a dog-themed meme cryptocurrency that is hosted on the Ethereum blockchain.
The most valuable coins are Bitcoin and Ethereum but there are lots of Altcoins aiming to benefit from crypto interest in 2022 ans since its creation in November 2020, Shiba Inu’s value has increased by 49,539,173%, making it one of the best-performing cryptocurrencies over the past two years.