Bitcoin
Ethereum
Ripple
Litecoin
EOS
Cardano
Stellar
NEO
NEM
DigitalCash
Tether
Binance Coin
QTUM
Verge
Ontology
ZCash
Steem

Pundits ring ‘market top’ alarms as Coinbase crosses TikTok to become top AppStore app

0
Deposit and Earn Up to $3000 Bonus

As the number of Shiba Inu (SHIB) retail investors continues to grow, based on its impressive daily trading volume, the “Dogecoin Killer” is currently snuggled up in the second place, between the world’s two largest cryptocurrencies.

SHIB’s $43,082,944,240 pumped 24-hour volume puts the meme-based crypto just one step behind Ethereum (ETH), with $123,800,913,800, and one step ahead of Bitcoin (BTC), with $40,966,029,816.

Banking on SHIB’s success

“Trade BTC, ETH, SHIB” taunts Coinbase conveniently, as the largest US crypto trading platform pushed out TikTok and became the top AppStore app.

SHIB’s price rallied 166% during the past 7-day period, as the crypto’s most successful spinoff pup achieved the initial mission and surpassed its main rival Dogecoin (DOGE), which currently ranks as the 10th cryptocurrency by market cap.

“Contrarian takes: this is a sell signal,” commented former creative director at Roblox and famous Youtuber John Shedletsky, implying SHIB’s market top is around the next block.

The puppy gate got wide open in September when Coinbase listed SHIB.

The US leading crypto exchange granted SHIB exposure to a big retail market, which in return ensured its product doesn’t miss out on the hype. 

The Robinhood listing 

Meanwhile, Robinhood still didn’t make a move to list the hot meme-coin, despite ShibArmys’s growing requests. 

CryptoSlate reported less than two weeks ago on a circulating Change.org petition, which urges the trading platform to put SHIB in the game.

The initiative has garnered additional 140,000 signatures since then and continues counting, gunning for a 500,000 mark, which will make “Kindly request of Robinhood to list Shiba Inu coin!” one of the most successful petitions on the site.

The trading platform revealed this week that cryptocurrencies accounted for nearly 20% of its transaction-based revenues in the third quarter. 

“Cryptocurrencies increased 860% to $51 million, compared to $5 million in the third quarter of 2020,” read Robinhood’s report, reflecting on the last quarter’s transaction-based revenues.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Deposit and Earn Up to $3000 Bonus

Like what you see? Subscribe for updates.


Credit: Source link

Leave A Reply

Your email address will not be published.