SHIB has charted a fresh ATH record at over $0.000039 earlier on October 24th after rumors that the meme-coin could be listed on Robinhood. Additionally, the token found its way on another popular app – Public – and enjoys enhanced adoption from retail investors.
CryptoPotato has reported the latest developments in regards to the popular meme-coin, starting with the massive whale purchase at the end of September, which actually preceded the first major leg up.
Later on, the team behind the project entered the NFT mania by announcing plans to release a digital collection of 10,000 “lovable creatures.”
The demand for SHIB only grew as the wallet addresses surged by nearly 10% in two weeks.
Google Trends data also showed that the worldwide interest went to a multi-month high in early October.
Shiba Inu Google Searches 1-Year Back. Source: Google Trends
The token also saw adoption from large organizations that enabled its customers to interact with it. One of the largest Brazilian exchanges – Novadax – listed SHIB just a few days ago.
The popular trading app – Public – followed suit shortly after. Moreover, rumors emerged that Robinhood could be next in line, which also propelled significant price pumps.
Consequently, SHIB has surged by 35% in a day and 50% in a week and marked a new all-time high earlier at just over $0.000039. This means that the asset is up by more than 450% in October so far.
Its market capitalization now exceeds $15 billion, and SHIB is well within the top 15 coins by this market.
Further CoinGecko data shows that SHIB traded at $0.000000000077 on January 1st, 2021. It means that the meme coin is up by a whopping 50,649,250% YTD. As such, a hypothetical investment of $1,000 made on January 1st would be worth over $500 million today.
