The biggest memecoin on the market, Dogecoin, and shiba Inu are the top five most profitable digital assets according to CoinMarketCap.
Shiba Inu jumped more than 30 percent by midday, according to CoinMarketCap, rising from $0.00001516 in the early morning to as high as $0.00001774.

Meanwhile, Dogecoin rose from $0.0771 to $0.0838 over roughly the same period, according to CoinMarketCap, an increase of nearly 8%.

Today, the volatility of the token dropped to an average level that exceeds Dogecoin's. In the last 24 hours, Shiba Inu gained more than 30% of its value, becoming one of the best-performing assets on the cryptocurrency market.