Cryptocurrency Shiba Inu’s market cap is now bigger than Adani Enterprises, Tata Steel and Tech Mahindra

Shiba Inu (SHIB), a meme inspired cryptocurrency and a Dogecoin spinoff, has hit an all time high on Wednesday, hitting a record high above $0.00008456 price, according to CoinMarket cap. Crypto enthusiasts and experts are still grappling to come to terms with the SHIB’s all-time high market capitalisation which has now surpassed some major Indian companies such as Adani Enterprises, Tata Steel, and Tech Mahindra.

With a market capitalisation of more than $38 billion, Shiba Inu is now the 11th largest cryptocurrency. Meanwhile, Dogecoin is the 10th biggest, with a market capitalisation of $32 billion. Interestingly, Shiba Inu has emerged as “The Dogecoin Killer” beating the likes of cryptocurrencies such as Uniswap, Luna, USD Coin, Polkadot and XRP in market cap terms.