Capitalization of Shiba Inu exceeded $50 billion
The Shiba Inu currency has recently reached record levels in its values, during the week its rate jumped by 200%, and over the past two days it has added about 50% more. As a result, the price of the “dog coin” reached the level of $0.000089, and the capitalization exceeded $ 50 billion. But a little later, the capitalization of Shiba Inu (SHIB) dropped to $44 billion, and its exchange rate – to $ 0.000078. But despite this, the crypto coin took the 8th line in the CoinMarketCap rating, overtaking competitor Dogecoin, which is the first “dog coin”. According to experts, such an unusual growth of the coin is the merit of listing on the Coinbase platform during September, as well as listing in the well-known Robinhood application. Users consider the coin promising and buy it in large quantities, hoping for even higher price figures.
Vitalik Buterin made an “advertisement” for SHIB by selling some of his coins and sending money to charity. About 50 trillion SHIB was received from him by the Indian fund to combat the coronavirus pandemic India COVID-Crypto Relief. But there was a problem, because of the narrow mobility, you need to try to sell the crypto coin. After a statement about SHIB from Tesla CEO Elon Musk that he was not interested in this coin, its exchange rate collapsed to $0.000032.