• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

Shiba Inu enters top 20 crypto list after Elon Musk’s puppy tweet

Ajibola Akamo by Ajibola Akamo
October 7, 2021
in Cryptos
Shiba Inu enters top 20 crypto list after Elon Musk’s puppy tweet
Share on FacebookShare on TwitterShare on Linkedin

Meme coin Shiba Inu gained over 320% in the last 7 days, pushing its market capitalization to approximately $12.5 billion, making it the #15 most valuable cryptocurrency according to coinmarketcap.

This move was fuelled by Tesla and SpaceX boss, Elon Musk, who tweeted a picture of his pet dog with the caption “Floki Frunkpuppy.” In June, the world’s richest man stated, “My Shiba Inu will be named Floki” and last month he tweeted the arrival of his new pet stating, “Floki has arrived.”

Shiba Inu isn’t the only meme coin to rally this week as many other meme coins have followed the same trend, especially those named after Elon Musk’s dog, Floki. Data from coinmarketcap reveals the following meme coins have been having significant rallies all in the last 7 days; ELON is up over 200%, HOGE is up over 58%, SAMO is up over 100%, SMI is up over 300%, AKITA is up over 280% and FLOKIN (named after Elon’s dog) is up over 1,400%.

RelatedStories

List of 18 mobile money operators in Nigeria insured by NDIC

How poor connectivity is locking rural Nigerians out of mobile money boom 

June 13, 2025
Block of flats dominate Lagos short-term rentals as swimming pools drive demand 

Block of flats dominate Lagos short-term rentals as swimming pools drive demand 

June 13, 2025

Backstory

Shiba Inu was founded by an anonymous person going by the name Ryoshi last year and the coin’s website explains that the coin is “a decentralized meme token that evolved into a vibrant ecosystem.” It appears to have been made as a joke just like the famous Dogecoin, a cryptocurrency that was created as a joke in 2013, also with a Shiba Inu meme.

Although made as a joke, these meme coins have been able to attract the attention of Elon Musk, who has stated that he would put a physical Dogecoin on the moon and has also mentioned that Dogecoin will trade as high as $1. The popularity does not end there as the popular meme coin is now used for payments by some sports teams, AMC theatres and others.

Bottomline

Shiba Inu’s current market capitalization represents 24.13% of the total market capitalization of the Nigerian Stock Exchange. It also makes it more valuable than all the tier-1 banks listed on the Nigerian stock exchange combined. Asides from this, Shiba Inu’s market capitalization makes it more valuable than other well-known cryptocurrencies like Litecoin, Chainlink and Bitcoin Cash. The Shiba Inu token is on its way to becoming more valuable than Africa’s richest man, Aliko Dangote.

Although there is a rally in the meme coin industry, investors are advised to invest with extreme caution as these coins are very volatile and could result in the total loss of an investors portfolio. Shiba Inu is trading $0.00003095 up 36% for the day.

Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

List of 18 mobile money operators in Nigeria insured by NDIC
Exclusives

How poor connectivity is locking rural Nigerians out of mobile money boom 

June 13, 2025
Block of flats dominate Lagos short-term rentals as swimming pools drive demand 
Hospitality & Travel

Block of flats dominate Lagos short-term rentals as swimming pools drive demand 

June 13, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 
Energy

Crude Oil rallies past the FG Benchmark after Israel’s missile attacks on Iran

June 13, 2025
Lagos State ambulance service responds to over 44,000 emergencies, hits 97.5% response rate in 4 years  
Health

Lagos State ambulance service responds to over 44,000 emergencies, hits 97.5% response rate in 4 years  

June 13, 2025
polio immunization
Health

Polio: Kano targets 3.9 million children for vaccination in June campaign 

June 13, 2025
Wema bank
Financial Services

Fitch upgrades Wema Bank’s National Rating to A–(nga), outlook raised to positive 

June 13, 2025
Next Post
State of emergency: Opposition party warn against declaration in Anambra

State of emergency: Opposition party warn against declaration in Anambra

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • How poor connectivity is locking rural Nigerians out of mobile money boom 
  • Block of flats dominate Lagos short-term rentals as swimming pools drive demand 
  • Crude Oil rallies past the FG Benchmark after Israel’s missile attacks on Iran

Follow us on social media:

Recent News

List of 18 mobile money operators in Nigeria insured by NDIC

How poor connectivity is locking rural Nigerians out of mobile money boom 

June 13, 2025
Block of flats dominate Lagos short-term rentals as swimming pools drive demand 

Block of flats dominate Lagos short-term rentals as swimming pools drive demand 

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics