price today cryptocurrency On Wednesday, the Shiba inu currency hit a new high, marking a year-long rise of more than 60,000,000 percent in hours ago.
According to CoinGecko, the parody cryptocurrency — which looks to be inspired by dogecoin, another joke cryptocurrency — has up over 30% from usd in the last 24 hours. It has given up some of its gains after setting an all-time high early this morning in the United States, but it remains the 11th most valuable digital currency by market value.
The crypto price today, which was established last year, has seen a 100 percent increase in value in the previous seven days, and currently has a market cap of almost $26 billion.
volume Shiba inu coin, like dogecoin, has a Shiba Inu dog token as its mascot. Some investors have become billionaires overnight as a result of its spectacular surge.
The currency has also attracted the support of a number of celebrities, ranging from former boy band members to professional sportsmen.
Ethereum co-founder Vitalik Buterin made waves earlier this year when he donated $1 billion in shiba inu currency to a Covid-19 relief fund in India.
Its sharp increase this week corresponds to growing support for a Change.org petition requesting trading platform Robinhood to include the shiba inu currency. So far, 334,500 people have signed the petition.
A request for comment from CNN Business was not immediately returned by Robinhood. In 2018, the firm began extending its crypto products beyond bitcoin and ethereum to include litecoin and bitcoin cash.
crypto Dogecoin‘s rank record-breaking growth this year placed worth so much strain on the platform’s crypto trading infrastructure that it was momentarily crippled. It said this week that cryptocurrencies contributed for roughly 20% of its transaction-based revenues, or $51 million, in the third quarter. That’s a rise of 860 percent over the same time last year.
Shiba inu currency soared earlier this week, but has since lost part of its gains when Tesla CEO Elon Musk, a major lover of dogecoin, stated that he does not own any. In a follow-up tweet, he said that he had purchased the item “Bitcoin, Ethereum, and Doge are all digital currencies. That is all there is to it.” Musk’s statements have had a significant impact on cryptocurrency prices.
shiba one Other daily prominent virtual currencies coin’s have seen rapid growth as well. Last week, Bitcoin, the world’s most expensive crypto, surpassed the previous high of approximately $67,000 per coin established in April.
From slightly under $44,000 at the end of September, bitcoin prices had risen by 50% this month. Bitcoin is presently selling for approximately $60,000 on the open market on September coindesk.
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