A new digital coin has already landed in the top 10 cryptocurrencies – and it has big ambitions to completely reinvent the internet.

The latest cryptocurrency star is a coin named after a meme of a Shiba Inu that was started as a joke.

The pre-sale of the commodity-backed digital currency ‘petro,’ which has been announced by Venezuelan President Nicolas Maduro, is expected to start on Tuesday. The country hopes this will help to replenish its depleted budget.

The price of top digital currency bitcoin dipped below $12,000 on Tuesday for the first time since December 5, following reports of a further crackdown on the cryptocurrency market.