{"id":474516,"date":"2021-10-24T18:00:12","date_gmt":"2021-10-24T18:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=474516"},"modified":"2024-06-11T07:50:32","modified_gmt":"2024-06-11T07:50:32","slug":"shiba-inu-shib-jumps-50-to-ath-amid-robinhood-rumors","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-shib-jumps-50-to-ath-amid-robinhood-rumors\/","title":{"rendered":"Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors"},"content":{"rendered":"

Shiba Inu (SHIB), one of the most popular meme coins, soared to an all-time high for the first time since May 11. The meme coin reached new heights of $0.00004432 over the weekend. SHIB was up over 50% in just 24 hours, according to the pricing from\u00a0CoinGecko<\/a>.<\/p>\n

With a market cap of $21.4 billion, Shiba Inu is currently the 13th biggest cryptocurrency. It is getting closer to Dogecoin, which is now in 11th place with a market cap of $33.86 billion. Both coins, however, can be quite volatile.<\/p>\n

It is also now worth more than Africa\u2019s richest man, Aliko Dangote, who, according to Forbes, is worth $13.6 billion.<\/p>\n

Shiba Inu Rallies<\/h2>\n
Shiba Inu\u2019s latest rally can be attributed to an ongoing bullish trend that started about two weeks ago. Since then, Shiba Inu maintained week-long support at approximately $0.000028 before resuming a bull run to its latest record.<\/p>\n
Related Reading |\u00a0Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History<\/a><\/em><\/strong><\/p>\n
\u201cAt this moment attention seems to have converged on SHIB and speculation is the primary driver of the price surge,\u201d Ben Caselin, head of research and strategy at crypto exchange AAX, said<\/a> on Sunday to Bloomberg. \u201cPrior patterns and dynamics in crypto indicate that SHIB is likely to be challenged by other projects and shed much of its value further along in the market cycle,\u201d he added.<\/p>\n
$\"SHIBUSD$ <\/p>\n
SHIB price jumps to $0.000043 | Source: SHIBUSD on TradingView.com<\/a><\/pre>\n
Shiba Inu is a decentralized cryptocurrency\u00a0created in August 2020 by an anonymous person or persons known as “Ryoshi”. The coin\u2019s website<\/a> refers to it as \u201ca decentralized meme token that evolved into a vibrant ecosystem.\u201d It was modeled off Dogecoin, which is also fashioned after the Japanese dog breed. It is also dubbed the “Dogecoin Killer.”<\/p>\n
\u201cWith such meme coins it\u2019s hard to speculate on the actual reasons for price movements, in all honesty,\u201d Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno Pte., said in a message Sunday. But \u201cthere are some interesting communities being built around them.\u201d<\/p>\n
Robinhood Rumors Fueling Rally<\/h2>\n
There are rumors that crypto trading platform Robinhood is getting ready to list Shiba Inu. According to the recent tweet by a prominent SHIB Twitter account, Robinhood might be considering adding the meme coin to the list of trading assets.<\/p>\n
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BREAKING NEWS: Robinhood is emailing this survey to select users of their platform. <\/p>\n
They are including #SHIB<\/a> as one of the answers to select! <\/p>\n
Clearly doing market research on what their consumers want. pic.twitter.com\/ovBNV2p0Wl<\/a><\/p>\n
— Shiba Inu News (@ShibalnuNews) October 22, 2021<\/a><\/p><\/blockquote>\n