The popular meme coin Shiba Inu (SHIB) is now on the verge of removing another zero from its price tag and has surpassed Japanese automaker Nissan in valuation.
SHIB can’t get enough of the record! It passed 2 companies
According to CoinMarketCap data, the price of Shiba Inu (SHIB) reached a record level of $0.00005486 in early saadollarser today. With a market cap of over $21 billion, the Shiba Inu is now larger than Japanese automaker Nissan ($19.9 billion) and South Korean technology company LG Electronics ($19.88 billion). The meme coin is up 87% this week alone, expanding its dazzling streak.
Cryptocoin. com, Robinhood announced its third quarter report and investors were expecting a record in the market with the good news of the SHIB listing. However, the company failed to break the record on the subject despite the expectations of investors and did not announce that it would list SHIB. CEO Vlad Tenev said the trading app is “carefully” considering adding new cryptocurrencies. Vlad Tenev made the following statement on the subject:
We are very happy with the coins we currently host on our platform and the new cryptocurrencies we are adding, we want them to be the same if not better.
Robinhood shares fell more than 8%
Shares of Robinhood fell more than 8% after trading closed after the company reported that its cryptocurrency revenue fell 78% more than expected. The online brokerage app made just $51 million in cryptocurrency transactions this quarter.