Shiba Inu has recorded a major milestone on Robinhood by ranking among the top 10 crypto assets with the most gains.
Shiba Inu’s major price surge in the past seven days has helped the cryptocurrency to rank ahead of Bitcoin and Ethereum on Robinhood. The top trading platform made this known in a tweet shared yesterday.
What happened #ThisWeekInCrypto? Amazon backs dapp devs in partnership with @avalancheavax for one-click node deployment, Samsung launches first bitcoin ETF in Asia, and 90% of businesses say they’ve adopted blockchain technology in a recent survey. pic.twitter.com/eSW2YoLTTR
— Robinhood (@RobinhoodApp) January 20, 2023
Shiba Inu Spikes 23.3% to Rank Ahead of BTC and ETH
According to data shared by Robinhood, Shiba Inu spiked 23.3% to rank as the third cryptocurrency with the most gain on the prominent crypto trading platform.Â
Notably, Shiba Inu was only behind Solana (SOL) and Compound (COMP) in the ranking. However, Shiba Inu ranked ahead of the two biggest crypto assets by market value, Bitcoin and Ethereum in terms of weekly gains.
Per the data, Bitcoin soared 13.4% this week to become the sixth crypto asset with the most gain on Robinhood. Similarly, Ethereum’s price also rose 12.4% this week, as the crypto asset ranked directly behind Bitcoin.Â
It bears mentioning that this is not the first time Shiba Inu has been ranked among the top crypto assets on Robinhood. Last year, Shiba Inu entered Robinhood’s top gainers’ list for two consecutive weeks.
Shiba Inu’s Recent Price Performance
The price of Shiba Inu has spiked significantly over the past seven days. Recall that SHIB rallied above $0.000012 on Wednesday. However, its price slumped to a low of $0.00001099 the following day.
Shiba Inu made a huge comeback yesterday, moving above $0.000012 for the second time in a week. At press time, SHIB is changing hands around $0.00001220.
SHIB’s rally comes amid several positive events in the Shiba Inu ecosystem. As reported, the development team behind Shiba Inu’s layer-2 network has continued to suggest that the much-anticipated Shibarium Beta launch is around the corner.
Shibarium is expected to roll out significant features, including fast, cheap, and secured transactions. The development team has confirmed that Shibarium will support SHIB burning via each transaction within the upcoming L2 network. Shibarium’s hype has revived whales’ interest in Shiba Inu. Last week, a new Shiba Inu whale scooped a massive 3 trillion SHIB tokens.
Meanwhile, Robinhood recently announced that its recently launched mobile wallet now supports Shiba Inu.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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