Shiba Inu Hits a Milestone More Impressive Than Landing AMC
If you think the rally from the coronavirus pandemic bottom has been stellar for Wall Street, you should take a closer look at the gains from the cryptocurrency space. In a roughly 20-month stretch, the aggregate value of all digital currencies has catapulted from $141 billion to $2.66 trillion (about a 19-fold increase).
As you might imagine, Bitcoin and Ethereum (CRYPTO: ETH) have played a key role in pushing the total crypto market cap higher. These "blue-chip" coins make up approximately 62% of the aforementioned $2.66 trillion. But when the curtain closes on 2021 in less than five weeks, it'll be meme coin Shiba Inu (CRYPTO: SHIB) garnering most of the attention.
Shiba Inu-themed coins have skyrocketed in 2021. Image source: Getty Images.
Source Fool.com
