Who let the dogs out! SHIB vs Doge crypto craze rises after 700% surge in a month

#SHIBARMY is on alert as the dog-eat-dog world takes over the crypto universe with rival meme-token Dogecoin.

What is Shiba Inu? It began as a fun cryptocurrency, influenced by Elon Musk and the high-in-demand Dogecoin. However, it has now overstepped Dogecoin in terms of market cap to become the ninth-largest crypto in the market.

Shiba Inu, the meme cryptocurrency, is up 15 lakh times from its all-time low made in November last year. This calculates to a Rs 10,000 investment becoming Rs 1,500 crore in just 11 months.

Talking about return on investment, Dogecoin could deliver only 86 times return on your investment in the same period Shiba Inu multiplied the money 15 lakh times.

The returns are great but the fight for Elon Musk's attention is tough. The #SHIBARMY was in top form in September as the world's richest man introduced his newest pet project 'Floki' a Shiba Inu to the world. The token got a boost expecting the Dogefather to move his allegiance but as a recent tweet revealed the love for Shibu was limited to the pup.

Musk or no musk, SHIB backers are now focusing on getting acceptance from brokerage platform Robinhood Markets Inc. to add the Shiba Inu coin to its platform to gain wider acceptance and truly faceoff with nemesis Doge that helps the company get 64% of its crypto revenue.