Shiba Inu capitalization exceeded $ 50 billion

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Over the week, the Shiba Inu cryptocurrency rate has grown by 200%, and over the past 24 hours the growth has been more than 50%. The price of the “dog coin” reached $ 0.000089, and the capitalization exceeded $ 50 billion.

Later, the capitalization of Shiba Inu (SHIB) dropped to $ 44 billion, and its rate – to $ 0.000078. However, this did not prevent it from occupying the 8th line in the CoinMarketCap rating, which is three points higher than the first “dog coin” Dogecoin.

Analysts attribute the growth of SHIB to the listing of the coin on the Coinbase platform in September, as well as a possible listing on the popular Robinhood app. Against this background, investors are buying up cryptocurrency in the hope of further growth.

Vitalik Buterin also attracted noticeable attention to SHIB, who sold part of his “dog coins” and sent the money to charity. He donated 50 trillion SHIB to India COVID-Crypto Relief. However, it turned out that due to SHIB’s limited liquidity, the coin is not easy to sell.

Tesla CEO Elon Musk, who is promoting Dogecoin, recently revealed that he does not own Shiba Inu coins. After that, the SHIB rate fell sharply to $ 0.000032.

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