The rise of micro-cap coins: Why social trading is leading to a crypto penny stock craze

SafeMoon, Shiba Inu, Dogelon and Australian Safe Shepherd are unfamiliar names in the cryptocurrency landscape that rose to prominence in recent weeks as investors turn at scale to high-risk micro-cap coins in the hope of making big money in a short space of time. 

Huge volumes of dog and Elon Musk-themed coins built on online memes are arriving on the market and reaching huge trading volumes despite their small market caps making for extreme volatility for investors.