SHIB Flipped Doge by Market Cap, Hitting a New ATH

In the last 7 days, the price of Shiba Inu (SHIB) cryptocurrency went up by over 150%, hitting a new all-time high of $0.00008845. In terms of a year, the token increased by around 60.000.0000%.

SHIB got ahead of Dogecoin by market cap. Currently, it ranks 8th with a market cap of over $45.3 billion. Dogecoin is the 11th with $31.5 bln.

On Thursday, the CEO of American financial company Robinhood, Vladimir Tenev said that in the third quarter of, 2021 the platform's crypto transaction revenue went up by 78% compared to the previous 3 months. Tenev also said that

Robinhood plans to list more cryptocurrencies. Following this, SHIB supporters opened a petition requesting the app to list the token. This possibility became one of the reasons for SHIB's surge.

SHIB is one of the meme coins, inspired by the Japanese breed of dog. It was launched in August 2020 on the Ethereum blockchain.