What Fuelled Shiba Inu’s Sudden Rise And Then Brought It Down?

Shiba Inu, a meme coin promoted as the “Dogecoin killer”, soared to record highs over the weekend to become the 11th-biggest cryptocurrency in terms of market value. The rise was fuelled mainly by two reasons. One, there were unconfirmed rumours floating in the crypto world that the coin will soon be listed on the popular stock trading app, Robinhood. The other reason for its rapid rise was tech billionaire Elon Musk, who tweeted a p...