While the news of SHIB swept the market, there is always a new development and Shiba Inu continues to excite investors.
After Shiba Inu (SHIB) briefly dethroned Dogecoin (DOGE) yesterday, the number of SHIB investors who experienced a rapid increase (according to market volume) increased by 32,405 in a single day, thus increasing the total number of addresses from 784,385 to 816,790 .
To roughly calculate the gain from SHIB, someone who bought around $8,000 worth of SHIB in August last year now owns $5.7 billion in SHIB.
What’s the Situation at DOGE?
On the other hand, it should not be forgotten that the total number of addresses of Dogecoin is 4,453,980, which is significantly higher than its strongest competitor, Shiba Inu.
On the other hand, this intense demand for SHIB caused many cryptocurrency exchanges to crash. Coinbase went into maintenance for a short time on Wednesday, similar situations have occurred in other exchanges.
The same was true for DOGE before. In May, online brokerage app Robinhood collapsed due to the failure of cryptocurrency trading algorithms to keep up with the Dogecoin boom.
Robinhood Listing Decision
With SHIB demand currently at an all-time high, the decision to list on Robinhood is still awaited. More than 380,000 signatures have been collected so far for the listing decision. However, the online brokerage firm has yet to clarify its stance on the matter.
SHIB Rocks Twitter!
SHIB, the 3rd most actively traded cryptocurrency yesterday, behind only Tether and Bitcoin, saw record figures – $39.5 billion – in daily trading volume, according to CoinMarketCap data.
In addition to all these, SHIB, which has become the agenda item on Twitter, reached more than 1 million tweets in a single day and rose to the top of Twitter’s trending topics list.
It should not be forgotten that the same explosion occurred on DOGE before, and then DOGE suffered a serious collapse.
Experts, who stated that the same serious decrease could be experienced on SHIB, warn investors about this issue.