Fresno, California 2021-10-27 20:44:49 –
Shiba Inu coins surged to a new record on Wednesday, recording a surge of over 60,000,000% over the past year.
According to CoinGecko, parody cryptocurrencies (which appear to be inspired by another memetic cryptocurrency, Dogecoin) have increased by almost 30% in the last 24 hours. It has regained some of its profits since it hit a record high early in the morning in the United States, but remains the 11th largest digital currency by market capitalization.
Tokens launched last year have surged about 100% in the last seven days and now have a market value of about $ 26 billion.
Like Dogecoin, Shiba Inu coins have Shiba Inu dogs as their mascots. The sharp rise has made some investors millionaires overnight.
The coin has also won the support of a few celebrities, from former boy band stars to professional athletes.
Earlier this year, Ethereum co-founder Vitalik Buterin got a lot of attention by donating $ 1 billion worth of Shiba Inu coins to the Covid-19 Relief Fund in India.
The dramatic rise this week is Change.org petition Encourage the trading platform Robin Hood to post Shiba Inu coins on the site. The petition has so far received 334,500 signatures.
Robin Hood didn’t immediately respond to a request for comment from CNN Business. In 2018, the company began expanding its cryptocurrency offering beyond Bitcoin and Ethereum to include currencies including Litecoin and Bitcoin Cash.
This year, the record rise in Dogecoin was temporarily broken due to the enormous pressure on the platform’s crypto trading system. This week, he said cryptocurrencies accounted for nearly 20% of transaction-based revenue in the third quarter, or about $ 51 million. This is an increase of 860% from the same period last year.
Shiba Inu coins also surged earlier this week, but lost their recent rise after Dogecoin fan Tesla CEO Elon Musk tweeted that he didn’t own Shiba Inu coins. In a follow-up tweet, he added, “Bitcoin, Ethereum, Doge. That’s it.” Mask’s tweets frequently moved the crypto market.
Other popular cryptocurrencies are also experiencing explosive growth. Bitcoin, the world’s most valuable cryptocurrency, hit a record high of about $ 67,000 per coin last week, surpassing the previous record set in April.
Bitcoin prices soared 50% this month from just under $ 44,000 at the end of September. Bitcoin is currently trading for nearly $ 60,000.
& 2021 Cable News Network, Inc., Warner Media Company. all rights reserved.
Shiba inu coin price hits a new record as Robinhood petition gains popularity Source link Shiba inu coin price hits a new record as Robinhood petition gains popularity