According to statistics given by cryptocurrency ranking website CoinGecko, Shiba Inu, one of the most famous meme tokens, has reached a new all-time high for the first time since May 11.
A new all-time high has been reached for Shiba Inu, one of the most famous meme tokens, according to statistics given by cryptocurrency rating website CoinGecko. This is the first time since May 11 that the token has reached this level.
The Shiba Inu currency reached a new all-time high of $0.00003940 after its price rose 42 percent in only two days, setting a new all-time high. For its part, Dogecoin is still down an incredible 65 percent from its all-time high, reached on May 8.
According to CoinMarketCap data, Shiba Inu has surpassed Bitcoin as the most actively traded cryptocurrency on Coinbase. It’s worth mentioning that Shiba Inu had a daily trading volume of $1.078 million on the largest exchange in the world, which was more than the combined daily trading volume of Ether, Bitcoin, and Solana.
Shiba Inu is the 13th most valuable cryptocurrency in the world, with a market capitalization of $15.4 billion. It is getting closer to flipping Dogecoin, which is now ranked ninth in the cryptocurrency market with a market capitalization of $32.7 billion.
The rally is being fueled by reports of Robinhood
While persistent speculations about online brokerage firm Robinhood preparing to market the Shiba Inu token remain, the cryptocurrency is surging higher.
CEO Vladimir Tenev uncomfortably evaded a question regarding whether or not the firm has a public offering planned during an interview with CNBC’s Jim Cramer earlier this week, according to the publication.
SHIBArmy was overjoyed when Robinhood competitor Public.com announced on September 20 that it will be adding support for the cryptocurrency.