Shiba Inu Coin is a decentralized, community-building cryptocurrency that is “an experiment” developed within the Shiba Inu Ecosystem. They built it on top of the Ethereum Blockchain Network, like many other coins. It is a meme coin launched as a rival of Dogecoin or “Doge-Killer”. Shiba Inu coin has already taken over some Dogecoin markets and is rising as a popular choice among investors of Crypto-Market.
While the biggest crypto by market capitalization has lost ground from its lifetime high, Shiba Inu currency has been gaining ground and has hit its all-time high. Currently, Shiba Inu currency was up by over 26% at $0.00005357 and counting. And on the gains, the m-cap of the digital token
First, note the gains continue to be seen on the currency even after a report confirms that Elon Musk-with biggest influence on the crypto prices confirmed that he does not hold Shiba Inu currency.
The trading platform is set to add the coin on its platform which is facilitating the token to spike both in volume and price. On the record gains, the digital token remains the 11th most valued crypto after Dogecoin.(Shuba Inu)
The Change.org site has been advocating the listing of Shiba Inu on Robinhood. The token has already been listed on Coinbase Global Another report suggests that an anonymous crypto whale purchased 276.6 billion shiba inu tokens for about $11.5 million as per the data from WhaleStats that tracks activity for the 1,000 largest ether wallets. The purchase brought the crypto whale’s total holdings in shiba inu coin to 316.5 billion, worth about $15 million and the largest position in the wallet. On the continuing spike now, Shiba inu crypto has become valuable than some of the India Inc. names such as Adani Enterprises, Tata Steel and Tech Mahindra