{"id":143136,"date":"2021-10-29T16:09:51","date_gmt":"2021-10-29T16:09:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143136"},"modified":"2021-10-29T16:09:51","modified_gmt":"2021-10-29T16:09:51","slug":"incredible-shiba-inu-tops-best-gainers-list-now-bigger-than-robinhood-factors-behind-the-surge","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/incredible-shiba-inu-tops-best-gainers-list-now-bigger-than-robinhood-factors-behind-the-surge\/","title":{"rendered":"Incredible Shiba Inu Tops Best Gainers List, Now Bigger Than Robinhood \u2014 Factors Behind The Surge"},"content":{"rendered":"
An outpouring of good fortunes continues to bless the paws of all SHIB believers as the hype-dazed Canine-themed meme coin set a new all-time high for both its price and market cap.<\/p>\n
At about 3:54 AM on the 28th of October, Shiba Inu leaped astronomically from its long-held market cap range, which hovered around $30 to $35 billion over the last 40 hours, to land on a whopping $51.2billion. In a space of 10 minutes, SHIB raked in a massive $20 billion additional market leverage dashing past the bottom three coins on the global top ten cryptocurrency rankings and landing its highest ever rankings on the global table.<\/p>\n
With its market capitalization upsurge came a juicy jolt in its price. <\/p>\n
A vibrant $44.49 billion exchange volume in the early hours of yesterday, was all Shiba Inu needed to touch a new record high at $0.00008841. Hopes are now high with market participants expectant of a 1 cent debut around the corner. <\/p>\n
<\/p>\n
As of current standing, Shiba continues to hold strong the lead amongst top gainers and has flipped over 28.79 billion cash for coins to earn a positive 28% trading balance. Shiba is 13% up on an aggregate,\u00a0over the last 48 hours and it appears the surge may have only just begun.\u00a0<\/p>\n
Analysis, according to Business Insider, reveals that much of the surge has been induced by addresses from so-called smart money cryptocurrency investors. <\/p>\n
These are a class of crypto traders who take on an average of $100,000 daily by selectively mining targeted DeFis. <\/p>\n
The index reveals that the month of October has seen dozens of new Shiba Inu transactions totaling over $1 billion at a go. By the last count, over $16 billion has been splashed on Shiba purchases over the last seven days.<\/p>\n
With its latest growth, Shiba’s market value now ironically surpasses the trading exchange giant, Robinhood (HOOD) which is around $30 billion. It is now up to Robinhood to decide whether Shiba’s current growth spree is a healthy index to warrant its listing. All through the week, a petition to get Shiba onboard Robinhood has continued to circulate the internet and it appears the canine-themed army is keen on proving itself to Robinhood in more ways than one.\u00a0<\/p>\n
Some experts however worry that the current strings of successes recorded by Shiba aren’t a good sign, especially for wall street billionaire investors looking to test the crypto waters with the newly released Bitcoin ETF.<\/p>\n