Shiba Inu (SHIB) may soon enter the top 10 cryptocurrency by market cap.

A Ethereum based token which is a meme coin, has a fully diluted market cap of 23 B$ and is at #19 in terms of all cryptos by size. So, as we all know this meme coin craze was started by Dogecoin with the aid of Mr. Elon but hell at least doge has is own Blockchain and can be called a currency, even if it's a crazy inflating currency.

Shibu is just a eth token with no user-case. With another price jump it may make it into the top 10 cryptocurrency by market cap. "A eth token in the top 10 currency" this is just a complete farce of some brilliant ideas and technologies that have been adopted in many of the other top cryptos.

There is just no way this can end well for the owners of these tokens. With no user case and a increasing market cap, is it just me or this sounds like one big ponzi scheme. Sure, just like any ponzi scheme some may profit but the majority will be left holding the bag.

Such things make me wonder when will this purge happen.

Ref: https://coinmarketcap.com/currencies/shiba-inu/