Shiba Inu (SHIB) is currently one of the best-performing cryptos among the top 100 projects. The popular dog-themed memecoin is up 19.7% in the weekly charts. SHIB is currently second only to the crypto casino token, Rollbit Coin (RLB).

SHIB’s latest rally can be attributed to rumors about the project’s layer-2 network releasing sometime this month. Moreover, Shiba Inu lead developer Shytoshi Kusama has revealed three new partnerships for the project. Kusama even claimed that SHIB would outperform Elon Musk’s X.