Bitcoin News, Market Analysis, Shiba Inu Coin

First Thing In History- A Digital Coin ‘Shiba Inu’ Surpasses Bitcoin Daily Trading Volume.

Shiba Inu (SHIB) coin has continued its astonishing price boom within the cryptocurrency markets, presently up more than 40% over the past 24 hours to a reported market capitalization of over $42.4 billion.

Since the beginning of digital coins, no digital coin has been able to surpass Bitcoin’s daily trading volume but the present time is different., Shiba Inu has changed history forever. At the reporting time, the present trading volume rests at $40,292,093,683 USD while Shib’s daily trading volume is up by almost 150% at $42,872,152,862 USD.

First Thing In History- A Digital Coin Shiba Inu Supasses Bitcoin Daily Trading Volume.

SHIB’s market value now rivals the stock-market value of the trading platform Robinhood (HOOD), at $30 billion. SHIB has also bounded over European banking giants Societe Generale ($28 billion) and Deutsche Bank ($26 billion).

At the reporting time, the cryptocurrency is presently trading at a price of around $0.00007384 USD, as per coinmarketcap. Earlier in the day, the SHIB price hit an all-time high of $0.0000763. On a year-to-date basis, the price has jumped 40-fold.

The rise in the price of SHIB, named after the same dog breed that inspired the joke cryptocurrency Dogecoin (DOGE), came as a petition “designed to kindly request of Robinhood to please list Shiba Inu coin to trade” circulated on the website Change.org.

“The focus on the crypto-verse was supposed to be on Ethereum 2.0 and a steady wave of bitcoin ETF investments, but the retail market has become fixated on SHIB,”, senior markets analyst, Edward Moya, at Oanda, wrote Wednesday in a daily update.

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