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Shiba Inu ($SHIB) continue to dominate the meme currency market as it overtook Dogecoin ($DOGE) to become the ninth-largest cryptocurrency. After making record highs just a couple of days ago posting another ATH of $0.000088, the meme currency saw a major price retrace of nearly 50% as its price dipped to $0.000057. However, the bullish momentum helped the altcoin recover majority of its losses the same day, and it is currently consolidating near $0.000075 mark.
$SHIB has recorded a mammoth price surge of near 1,000% in October overcoming some major hurdles such as the Elon Musk stress test, a major 31.04 billion token dump. All this while the Shiba Inu community continues to demand its listing on Robinhood. There is an online petition going on at change.org that has gained over 400K signatures, however, looking at what the meme coin has done over the past month where its valuation grew greater than Robinhood, it seems the fintech exchange app is in greater need of $SHIB listing.
Robinhood in its latest financial report has disclosed a decline in crypto activity on the platform and its stock also plunged 8% after the revelation. Thus, a $SHIB listing would give them a push in terms of trading activity as well as publicity. Coinbase is also milking the $SHIB frenzy as it replaced the $DOGE ticker with $SHIB as the feature image of its app.
Shiba Inu Continues to Hog Social Media Limelight
Shiba Inu is a meme currency with a strong community that continued to dominate the social sentiment charts. Santiment data showed that despite a slump in price and consolidating phase, Shiba Inu remained a trending topic on social media.
$SHIB at one point managed to overtake Polkadot ($DOT) and $XRP as well, and if it manages to mimic another similar rally, it could very well eliminate another zero from its price.
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