This crypto up over 220% in one week, 10x of Bitcoin's gains!

Shiba Inu, the meme crypto developed on the lines of Dogecoin, has surged over 220% in the last seven days. SHIB had recently crossed the market value of Litecoin to become the 12th biggest cryptocurrency, as per a Bloomberg report.

The move comes days after Musk tweeted a picture of his puppy, Floki. SHIB, which uses a meme of the Shiba Inu breed of Japanese hunting dogs. However, the meme token was down a whopping 30% in the last 24 hours.

This comes as the cryptocurrency market, as a whole, has seen a streak of outperformace. Bitcoin, which retains its position as the dominating crypto coin, is up over 23% in the last seven day, reclaiming the $50,000 mark for the first time since May.