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Benzinga
Benzinga
Business
Madhukumar Warrier

This Knockoff Coin Is Up 41% Today, Outperforming Dogecoin And Shiba Inu

As Dogecoin (CRYPTO: DOGE) traded muted and Shiba Inu (CRYPTO: SHIB) rose on Wednesday evening, one knockoff coin — Kuma Inu (CRYPTO: KUMA) — is up 41.3% during the past 24 hours to $0.0000001661.

 

Kuma Inu Price Performance

Time-frame % Change (+/-)
24-hour + 41.3%
24-hour against Bitcoin +41.6%
24-hour against Ethereum +40.5%
7-day + 51.1%
30-day +44.8%
YTD Performance +52.6

For comparison, Dogecoin is down 0.1% during the past 24 hours, trading at $0.14 at press time, according to data from Benzinga Pro. Shiba Inu, the self-described “Dogecoin killer,” has risen 2.6% over the 24-hour period to $0.00002759.

See Also: How To Buy Shiba Inu Coin (SHIB)

Why It Matters: Kuma Inu is the native token used in the yield farming protocol Kuma Breeder.

Kuma Inu says on its website that it is a decentralized finance (DeFi) cryptocurrency project, consisting of Kuma Breeder, Kuma DEX trading protocol, and Kuma non fungible tokens (NFTs).

Read Next: Shiba Inu Makes Peace With Dogecoin? ShibaDEX Decentralized Exchange Unites All Major Memecoins

Photo courtesy: Kumatoken.com 

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