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

  • Shiba Inu, one of the most popular meme tokens, has reached a new all-time high for the first time since May 11, according to CoinGecko data.

    The Shiba Inu coin reached a new lifetime high of $0.00003940 after a 42 percent price increase in just two days.

    Dogecoin, on the other hand, is still down a whopping 65 percent from its peak on May 8.

    Shiba Inu has surpassed Bitcoin as the most traded cryptocurrency on Coinbase, according to CoinMarketCap data. It’s worth noting that Shiba Inu had a daily trading volume of $1.078 million on America’s largest exchange, which is more than Ether, Bitcoin, and Solana combined.

    Shiba Inu is the 13th largest cryptocurrency, with a market cap of $15.4 billion. It is getting closer to flipping Dogecoin, which is currently ranked ninth with a market cap of $32.7 billion.

    The rally is being fueled by rumors about Robinhood.

    Shiba Inu is surging in value as rumors circulate that online brokerage giant Robinhood is preparing to list the token.

    During an interview with CNBC’s Jim Cramer earlier this week, CEO Vladimir Tenev awkwardly dodged a question about whether the company had such a listing in the works.

    To SHIBArmy’s delight, Robinhood rival Public.com added support for the cryptocurrency on September 20.

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