Back
Shiba Inu Token (SHIB) Rises, While the Entire Cryptocurrency Market Falls
Of the first hundred of CoinGecko, only five cryptocurrencies are in the green zone, of which SHIB shows the maximum growth
Oct 27, 2021
1 min read
Anna BakkerNews analyzer

On Wednesday, the 11th cryptocurrency updated all-time highs above $ 0.000059. Growth over the past 7 days is 100%, over the last month - almost 700%.

The capitalization of the token has exceeded $ 28 billion, and soon SHIB may overtake Dogecoin in capitalization - a meme-cryptocurrency for which a new meme was created.

The creators of the Shiba Inu call him the "dogcoin killer". The project's website says that the main task of SHIB is to surpass Elon Musk's favorite cryptocurrency in terms of capitalization.

The Shiba Inu developers say they were inspired by the example of the Reddit community WallStreetBets, whose members were able to "accelerate" the growth of the share price of GameStop, AMC and several other companies.

On Monday, it became known that one of the largest whales of Ethereum bought SHIB for more than $ 11.5 million, although it is still unclear who is behind such a large deal. Purchase confirmed by whalestats.com.

The Shiba Inu price began to rise at a time when the issue of token listing received a large number of votes ahead of Robinhood's third quarter financials. The petition for listing the altcoin was signed by over 331 thousand people. At the moment, no decision has been made, writes RBC.

The hype surrounding a possible listing on Robinhood is gaining momentum. Robinhood CEO Vlad Tenev confirmed that the company is carefully studying the possibility of listing new coins.

Despite the fact that Tenev did not directly mention the Shiba Inu, the fans of the project were enough to initiate a new wave of speculative purchases. Earlier it became known that Robinhood reported a drop in trading volumes in the third quarter.

Meanwhile, according to the investment, Robinhood has officially denied listing to SHIB.

Last article
Read other articles
Anna Bakker News analyzer
Cardano (ADA) Drops To 3.5-Month Low Below $ 1.60 After Being Delisted By eToro
Nov 26, 2021
1 min read
Anna Bakker News analyzer
Bitcoin Falls On Thursday After 4 Days Strengthening, Ending All Previous Advances
Dec 10, 2021
1 min read
Anna Bakker News analyzer
Experts believe that the main currency of the world will resume growth only after the increase in the level of public debt
Sep 3, 2021
1 min read
Forex Expert Advisors for your Profits
Forex trading robots based on AI. Innovative trading technologies for a stable growth of your profits