The price of the crypto asset 'Shiba Inu' bearing the name of Shiba Inu soars



It is reported that the value of the meme coin ' Shiba Inu

', which is a derivative of the crypto asset Dogecoin that originated from the Shiba Inu internet meme ' Doge', is rising rapidly. It is said that a 'dogfight' was unfolded in which the price of Shiba Inu temporarily pulled out Dogecoin.

Dogecoin Hits Two-Month High as Shiba Inu Lags in Crypto Rankings
https://www.coindesk.com/markets/2021/10/28/dogecoin-hits-two-month-high-as-shiba-inu-lags-in-crypto-rankings/

Shiba Inu price jumps 45 percent to soar past Dogecoin
https://nypost.com/2021/10/28/shiba-inu-price-jumps-45-percent-to-soar-past-dogecoin/

Dogecoin is a crypto asset coded by software developers Jackson Palmer and Billy Marcus in just a few hours. The Dogecoin was made as a joke, but the price has skyrocketed since early February 2021 in response to Tesla's Elon Musk's remarks.

A crypto asset derived from Dogecoin is Shiba Inu. The Shiba Inu was also basically made as a joke and has had little practicality until now. However, according to CoinGecko.com , the price rose by 50% in the 24 hours of October 24, 2021, making it the 11th most valuable cryptocurrency on that day. As Shiba Inu grows in popularity, more and more people are signing petition to list Shiba Inu in the investment app Robin Hood. At the time of writing, the petition was signed by 397,900 people.

Campaign · Kindly request of Robinhood to list Shiba Inu coin! · Change.org
https://www.change.org/p/robinhood-convince-robinhood-they-will-prosper-if-they-list-shiba-inu-coin



It has been reported that the price of Shiba Inu has risen 180% in the past 7 days, and at one point there was a 'dogfight' in which the price of Shiba Inu overtook Dogecoin. According to CoinMarketCap, the total amount of Shiba Inu is 42 billion dollars (about 4.7 trillion yen), although it is temporary, and it has become the eighth most valuable crypto asset in the market.

However, Shiba Inu prices have been volatile, with prices down 21.5% in the last 24 hours. The market value at the time of writing the article is the 10th. It was also reported on the 28th that Shiba Inu owners are believed to be transferring funds to Dogecoin.



In addition, it is reported that the price of Floki Inu, which is a meme coin, has increased by more than 200% in one day as the price of Dogecoin has increased.

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in Note, Posted by darkhorse_log