The Shiba Inu cryptocurrency<\/strong> is now the world\u2019s 20th-biggest by market value and has more than tripled in the past week, partly fueled by Elon Musk\u2019s latest tweet<\/strong> about his own puppy.<\/p>\n The SHIB<\/strong> token, centered around a breed of Japanese hunting dogs, is up another 69% in the past 24 hours, according to CoinGecko pricing, putting its market value above $10 billion.<\/p>\n The gains have come amid a broad rally in major digital currencies, underpinned by favorable seasonal factors, positive technical chart signals and a lack of interference from the Federal Reserve. But SHIB\u2019s 216% surge in the past week has well overshadowed the performance of Bitcoin and Ether, the two biggest tokens, which are both up more than 20% in this period.<\/p>\n A tweet by Tesla Inc.\u2019s boss late Sunday night U.S. time with a picture of a dog and the comment, \u201cFloki Frunkpuppy\u201d, may have also contributed to the frenzy. That followed a tweet in June that said, \u201cMy Shiba Inu will be named Floki\u201d and one last month that read \u201cFloki has arrived.\u201d<\/p>\n \u00a0<\/p>\n The Shiba Inu cryptocurrency is now the world\u2019s 20th-biggest by market value and has more than tripled in the past week, partly fueled by Elon Musk\u2019s latest tweet about his own puppy.<\/p>\n\n\nThe Shiba Inu cryptocurrency is now the world\u2019s 20th-biggest after surging 216% over the past week<\/h3>\n