As Dogecoin and Shiba Inu try to recover value, knockoffs are still gaining. Shiba Inu Classic is up 93% in the last 24 hours, still trading at a fraction of a percent. It has gained over 90% on Bitcoin and 95% on Ethereum. Shiba Inu Classic has described itself as the “people’s token” and proposes to build a Super Dapp that will function as a one-stop shop for DeFi solutions. The coin hit an all-time high on Monday and announced on Twitter that it had just been listed on CoinMarketCap. Meanwhile, Shiba Inu is trading up nearly 1% in early market activity, approaching its 24-hour high. While gaining over 30% in trading volume, Shiba Inu has risen to #14 in the marketplace and seems to be trending upward for the first time in the past several weeks. Other knockoff tokens like NinjaFloki are struggling. NJF has fallen nearly 90% overnight while Floki Inu is up nearly 4% and Floki One is level in early trading.
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