As the number of Shiba Inu (SHIB) Retail investors continue to grow, based on its impressive daily trading volume, the ‘Dogecoin Killer’ is currently nestled in second place, between the two largest cryptocurrencies in the world.
SHIB’s $ 43,082,944,240 pumped volume over 24 hours places memes-based crypto one step behind Ethereum (ETH), with $ 123,800,913,800 and one step ahead of Bitcoin (BTC), with $ 40,966,029,816.
Building on the success of SHIB
“Trade BTC, ETH, SHIB” conveniently pokes fun at Coinbase as America’s largest crypto trading platform has supplanted TikTok and has become the best AppStore app.
Probably nothing pic.twitter.com/mglaiJC0M9
– Yuri Sagalov (@yuris) 28 October 2021
SHIB’s price has risen 166% over the past 7 days as the most successful crypto-derivative puppy has reached the initial mission and overtaken its main rival Dogecoin (DOGE), which currently ranks as the 10th cryptocurrency by market capitalization.
“Against the tide: this is a sell signal,” commented former Roblox Creative Director and famous Youtuber John Shedletsky, implying that SHIB’s market peak is in the next block.
Taking against the tide: this is a sell signal
– John Shedletsky and 3,154,054 others (@Shedletsky) 28 October 2021
The puppy door opened wide in September when Coinbase listed SHIB.
The main crypto exchange in the United States has given SHIB exposure to a large retail market, which in turn has ensured that its product does not miss the hype.
The Robinhood List
Meanwhile, Robinhood still hasn’t made a move to list the hot meme-corner, despite increasing requests from ShibArmys.
CryptoSlate reported less than two weeks ago on a Changer.org petition, which urges the trading platform to put SHIB in the game.
The initiative has garnered an additional 140,000 signatures since then and continues to count, aiming for a mark of 500,000, which will “please ask Robinhood to list the Shiba Inu coin!” One of the site’s most successful petitions.
The trading platform revealed this week that cryptocurrencies made up nearly 20% of its transaction-based revenue in the third quarter.
“Cryptocurrencies Are Up 860% To $ 51 Million, From $ 5 Million In Q3 2020,” Robinhood’s Read report, reflecting revenue based on last quarter transactions.
Get a edge in the crypto-asset market
Access more cryptographic and background information in each article as a paying member of CryptoSlate Edge.
Register now for $ 19 / month Discover all the benefits
Like what you see? Subscribe for updates.