Shiba Inu, a cryptocurrency started just last year, continues to soar after Elon Musk tweeted about his puppy.
The SHIB token has risen more than 70 per cent in the past 24 hours as of 10.55am Hong Kong time, breezing past the likes of Litecoin and Avalanche’s AVAX to become the 12th-biggest cryptocurrency by market value, according to CoinGecko pricing.
The move comes days after Mr Musk tweeted a picture of his puppy, Floki. SHIB, which uses a meme of the Shiba Inu breed of Japanese hunting dogs, is up about 367 per cent in the past seven days amid enthusiasm from that post.
The jump comes at the same time the wider crypto market is surging as well. Bitcoin is up about 30 per cent in the past seven days and trading in the mid-$50,000s, and second-ranked Ether has been gaining as well.
Shiba Inu was founded last year by an anonymous person going by the name of Ryoshi. The coin’s website refers to it as “a decentralised meme token that evolved into a vibrant ecosystem”.
MATCH INFO
Sheffield United 2 Bournemouth 1
United: Sharp (45 2'), Lundstram (84')
Bournemouth: C Wilson (13')
Man of the Match: Jack O’Connell (Sheffield United)
First-round leaderbaord
-5 C Conners (Can)
-3 B Koepka (US), K Bradley (US), V Hovland (Nor), A Wise (US), S Horsfield (Eng), C Davis (Aus);
-2 C Morikawa (US), M Laird (Sco), C Tringale (US)
Selected others: -1 P Casey (Eng), R Fowler (US), T Hatton (Eng)
Level B DeChambeau (US), J Rose (Eng)
1 L Westwood (Eng), J Spieth (US)
3 R McIlroy (NI)
4 D Johnson (US)
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
UAE currency: the story behind the money in your pockets
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
