What Happened: ShibX is up 1049.73% during the last 24 hours, trading at $0.00000004148 at press time. The altcoin has surged 1017.57% against apex cryptocurrency Bitcoin and also gained 1035.85% against Ethereum during the past 24 hours.
See Also: How To Buy Dogecoin (DOGE)
The new token, which was launched on Oct. 10, operates on the Binance Smart Chain and has a trading volume of $2.26 million during the last 24 hours.
ShibX says on its website that it is the first rebase token that passively rewards in Shiba Inu.
Why It Matters: The project behind ShibX retweeted a post on Twitter on Monday that it has been listed on CoinMarketCap as well as CoinGecko and currently has more than 6000 holders.
CMC & CG under day
Top 3 gainer cmc
Trending in dext
ShibX is a Rebase Token which rewards in #Shiba Inu BEP-20!
— FABRI CRYPTO (@FabriLemus7) October 11, 2021
The two-day-old token is the second-biggest gainer among all cryptocurrencies during the last 24 hours, as per CoinMarketCap data.
The token’s gains also come after it was reported that Shiba Inu recorded a 24-hour volume about two times higher than Dogecoin.