This Knockoff Coin Which Calls Shiba Inu Its 'Meme Father' Is Up Over 290% Today

Dogecoin DOGE/USD and Shiba Inu SHIB/USD traded lower on Thursday evening along with some other major cryptocurrencies.

However, some of the knockoff coins are seeing strong gains, with Shiba Toby SHBT/USD up 295.2% during the past 24 hours to $0.0000000545.

For comparison, Dogecoin is down 2.3% during the past 24 hours, trading at $0.1237 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost 1.6% over the 24-hour period to $0.00002418.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Shiba Toby is a token on the Binance Smart Chain (BSC) that calls Shiba Inu its “meme father.”

The project behind the cryptocurrency said its game is in beta testing and will be implemented on the smart contract, enabling game enthusiasts to earn the Shiba Toby token when they win.

The token also plans to launch non fungible tokens (NFTs) shortly.

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