The meme coin appears to be unstoppable — but despite all that, there's still one prominent exchange where it remains unavailable.
SHIBA INU appears to be unstoppable as the joke cryptocurrency continues its surge through the rankings.
The altcoin’s price has risen by 32% in the past 24 hours and managed to hit $0.0000594 on Wednesday — its third all-time high in four days.
Over the past week, SHIB’s value has doubled too, and CoinMarketCap data shows that it’s now No. 11 in the rankings of the world’s biggest coins.
Indeed, it’s the only bright spot among the 10 largest cryptocurrencies by market cap. Each of these digital assets is in negative territory over a 24-hour timeframe, with DOGE tumbling by 12.5%.
Boasting a market cap of $22.4 billion, SHIBA INU’s total valuation is now bigger than TD Ameritrade, Royal Caribbean Cruises and Kellogg Company.
Further gains could see it eclipse the market cap of Slack, Fox Corporation, Dollar Tree and ViacomCBS.
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In other developments, Robinhood is coming under increasing pressure
to list SHIBA INU as a matter of urgency.
More than 330,000 people have signed a Change.org petition urging the trading platform to add the altcoin to its platform. The petition says:
“Dogecoin has been a huge success for Robinhood, and its investors. We have all enjoyed the ride. SHIBA INU is a similar meme coin with genuine potential, up 2000% in the last weeks! Gaining new ground by the day. SHIB has just been listed on Binance, and its momentum grows by the hour.”
Robinhood’s CEO, Vlad Tenev, has said the company is considering adding new coins to its offering — and tepid third-quarter results may mean this is now explored with a lot more urgency.
The app, which is especially popular with millennials, currently risks falling behind the curve — especially considering that the likes of Coinbase added support for SHIB back in the middle of September.
It seems that Elon Musk’s admission that he doesn’t own any SHIBA INU had little to no impact on demand for this joke coin… for now.
But those with long memories will remember that many crypto newcomers ended up getting burned during the mania surrounding DOGE earlier this year — especially those who bought near the top of $0.7376, seen hours before Elon Musk’s appearance on Saturday Night Live.
Right now, DOGE’s price stands at $0.2326 — two-thirds lower than this record high.