Shiba Inu (SHIB), which was launched as a counterfeit of Dogecoin (DOGE), jumped almost 60% in less than 24 hours on Sunday to hit an all-time high of $0.00004442, and DOGE also over the weekend. rose.
SHIB, at time of writing $0.00003970 was trading at the dollar and is currently the 11th largest token by market cap according to data from CoinGecko.
This new price level broke the previous record set when it reached $0.0003503 before surging over 3400% in a little over a week at the beginning of May, before falling at the same rate a few days later.
Stock and cryptocurrency platform Robinhood recently added SHIB as an option to a customer survey, signaling that it may list SHIB soon. The leading SHIB community Twitter account @ShibaInuNews shared a screenshot of the survey on Saturday just before the price rally. After that, the rise began.
Overcomes Ethereum in Transaction Volume
Shiba Inu has managed to surpass the leading altcoin Ethereum (ETH) in terms of trading volume in the last 24 hours. According to CoinMarketCap data, SHIB recorded trading volume of $16,513,062,630 in the last 24 hours. The trading volume of ETH was $ 15,376,066,228.
Elon Musk Announces He Doesn’t Hold SHIB
However, a tweet by Tesla CEO and long-time DOGE fan Elon Musk talking about the token caused SHIB to decline. Musk answered a question late yesterday, saying that he does not have any SHIBs. Although SHIB fell after these statements by the Tesla CEO, it did not experience a serious regression.
https://twitter. com/elonmusk/status/1452332435266576395