It is hurting the rest of the market too. Money flowing out of other crypto into $SHIB this happened with $DOGE a while back .
Good for Shib holders bad for crypto as a whole.Only 30000% away from .02, now we are getting knock off coins of the doge knock off the original meme coin Where will it end?
Some of the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) knockoffs continued to see strong gains as of Tuesday night after Shiba Inu touched a new all-time high while Dogecoin fell.
What Happened: ShibX (CRYPTO: ShibX) has surged 206.92% during the past 24 hours to $0.0003055, while Kaiken Shiba (CRYPTO: KSHIB) is up 154.31% during the 24-hour period to $0.000000000009.
miniSHIB (CRYPTO: MINISHIB) has gained 139.70% over the past 24 hours to $0.008143.
See Also: How To Buy Dogecoin (DOGE)
FlokiGravity (CRYPTO: FLOKIG) — a newly-listed coin — is up 298007.80% during the past 24 hours, trading at $0.0002001 at press time, after touching an all-time high of $0.0002191 earlier today. It is the second biggest gainer among cryptocurrencies during the past 24 hours, as per CoinMarketCap data.