Shiba Inu Rises to a New Record High Again

The meme-based cryptocurrency Shiba Inu hit its all-time high amid rumors of a listing on the Robinhood app.

Shiba Inu Rises to a New Record High Again

Shiba Inu coin gained more than 30% over the past 24 hours and continues to grow. According to CoinMarketCap, the token has surged roughly 100% in the last seven days, and almost 700% during October. 

The daily price of SHIB was above $0,0000594 – it is a current all-time high. As of 1 p.m. (+3 UTM), the asset is trading at an average of $0,0000539. 

The asset continues to grow amid news of a possible listing on the Robinhood app. A related petition has garnered more than 338,000 signatures so far. The specialized media are also intensifying the hype surrounding the cryptocurrency. The latest news emphasizes that after another successful trading session, the capitalization of Shiba Inu has surpassed the similar indicators of such technological giants as Nissan and LG Electronics. 

According to the official website, Shiba Inu token initially aimed to be the “Dogecoin Killer”. Thanks to its success, the project remains the 11th biggest crypto project by market capitalization. Thus, Shiba Inu came close to its ideological competitor, meme-based currency Dogecoin, which holds 10th place in the rating. The market value of Shiba Inu is $22,2 billion. The same indicator of Dogecoin is $31,5 billion.

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