The Magazine for Asian Investors
The price of Shiba Inu Coin (SHIB) has continued to reach new highs. Coinmarketcap’s coin chart shows that the price of SHIB has increased by 175% in the last seven days. As a result, its total market capitalization has reached $32 billion, surpassing Dogecoin’s original copy of $31 billion. This made SHIB rank 8th in the world.
This jump is expected to be caused by stock and crypto exchanges like Robinhood, which published a questionnaire for its investors about the crypto coins they most want to see. One of them included a SHIB coin, suggesting that Robinhood may list the coin which will allow the coin to be traded in the future.
Moreover, the number one cryptocurrency exchange in the U.S., Coinbase, has already approved such coins for trading, and it seems that a huge amount of money will flow into the SHIB coin.
SOLANA jumped 10%, stepping into 6th place.
New DeFi and DAO projects are constantly being added, running on Solana (SOL) and becoming more diverse.
As a result, SOL is currently trading at $209.58, a gain of more than 10.9% over the past 24 hours. It broke the record high of $213.47 before falling to the current level.
Solana’s total value is over $127 billion of the total value locked in DeFi on the SOL blockchain protocol. The total value locked is a measure of the volume of smart contacts enabled on the Solana and Ethereum blockchains.
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Thursday, October 28, 2021