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Shiba Inu has been nipping at the heels of its competitor, Dogecoin, since it was launched. The value of the meme coin has soared an insane 60,000,000 per cent over the last year, hitting multiple record highs, the latest one being $0.000077 at the end of October. The surprising rise of Shiba Inu Coin has piqued the interest of investors over the last few months.