Shiba Inu becomes 7th largest crypto after 70% surge in 24 hours
While October largely remained a bullish month for cryptocurrencies, Shiba Inu seems to be getting the most out of it. The Dogecoin-killer reported a 70% surge in 24 hours, taking its market capitalization to a whopping $39 billion.
It came as a surprise since most of the top crypto assets reported lower levels during the same period. Bitcoin dipped below $60,000 for the first time this week with Ethereum slipping 5% as well.
According to data by CoinGecko, $SHIB rose by 70% taking its value to an ATH of $0.00008241. The surge resulted in a 40x increase in $SHIB since the beginning of this year. At press time, the coin was trading at $0.00007061.
Shiba Inu’s market capitalization has now surpassed that of investment app Robinhood, which was rumored to list the coin earlier this week. Shiba Inu has also surpassed the likes of major European banks, namely Societe Generale and Deutsche Bank.
The rise in Shiba Inu coins was triggered by a change.org petition asking Robinhood to list $SHIB on its platform. The petition has so far seen over 379,765 signatures from $SHIB proponents all over the world.
The post Shiba Inu becomes 7th largest crypto after 70% surge in 24 hours appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow