Shiba Inu Hits New All-Time High

Shiba Inu, one of the most popular meme tokens, has just logged a new all-time high for the first time since May 11, according to data provided by cryptocurrency ranking website CoinGecko. The Shiba Inu coin hit a new lifetime peak of $0.00003940 after its price jumped 42% within just two days. 

Dogecoin, on the other hand, is still down a staggering 65% from its May 8 peak. CoinMarketCap data shows that Shiba Inu has become the most-traded cryptocurrency on Coinbase. It is worth noting that Shiba Inu recorded $1.078 million in daily trading volume on America’s largest exchange, which is more than Ether, Bitcoin, and Solana combined. With a market cap of $15.4 billion, Shiba Inu is currently the 13th biggest cryptocurrency. It is inching closer to flipping Dogecoin, which remains in 9th place with a market cap of $32.7 billion. Shiba Inu is soaring higher amid persistent rumors about online brokerage giant Robinhood readying to list the token.