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Shiba Inu (SHIB) Hits New All-Time High, Becomes Most Traded Cryptocurrency on Coinbase

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Alex Dovbnya

Shiba Inu has soared greater than 40% inside two days, logging a brand new all-time excessive

Shiba Inu, one of the vital in style meme tokens, has simply logged a brand new all-time excessive for the primary time since May 11, in accordance to knowledge offered by cryptocurrency rating web site CoinGecko.

The Shiba Inu coin hit a brand new lifetime peak of $0.00003940 after its value jumped 42% inside simply two days.    

Dogecoin, on the opposite hand, is nonetheless down a staggering 65% from its May 8 peak.

Shiba Inu
Image by coingecko.com

CoinMarketCap data exhibits that Shiba Inu has turn out to be the most-traded cryptocurrency on Coinbase. It is price noting that Shiba Inu recorded $1.078 million in every day buying and selling quantity on America’s largest change, which is greater than Ether, Bitcoin, and Solana mixed. 

Coinbase
Image by coinmarketcap.com

With a market cap of $15.4 billion, Shiba Inu is at present the thirteenth largest cryptocurrency. It is inching nearer to flipping Dogecoin, which stays in ninth place with a market cap of $32.7 billion.

Robinhood rumors are fueling the rally   

Shiba Inu is hovering greater amid persistent rumors about on-line brokerage big Robinhood readying to record the token.

As reported by U.Today, CEO Vladimir Tenev awkwardly dodged a query about whether or not or not the corporate had such a list within the pipeline throughout his interview with CNBC’s Jim Cramer earlier this week.

Robinhood rival Public.com added help for the cryptocurrency on Sept. 20 to the good delight of SHIBArmy.

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