Shiba Inu (CRYPTO: SHIB) soared more than 60% to a record high above $0.00008 on Wednesday, furthering a staggering rally in the popular cryptocurrency's price in recent days. Shiba Inu is now the 11th most valuable cryptocurrency, with a total market value of more than $28 billion, according to CoinMarketCap. Supporters of the so-called meme coin believe it's a worthy rival to Dogecoin (CRYPTO: DOGE), a controversial cryptocurrency that was created as a joke and went on to rocket in value.
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