Shiba Inu (SHIB), which was launched about a year ago and achieved an unprecedented rise, has surpassed the value of some of the world’s most established companies.
SHIB’s total market cap recently reached $24 billion and still continues to rise, up 30% in 24 hours.
SHIB Passes LG and Nissan
SHIB While the price continues to rise continuously, the total value of it is the Japanese vehicle manufacturer. of Nissan and South Korea-based technology company LG’s It appears to have exceeded its value.
Nissan is worth $19.9 billion and LG is worth $19.88 billion, and you can see how fast the crypto money industry is actually growing.
A project launched a year ago in the cryptocurrency industry can exceed the value of holdings that have been active for decades, and the cryptocurrency industry is definitely starting to reach mainstream acceptance.
The main factor that caused the SHIB price to rise was the Robinhood rumors. According to the third quarter data, Robinhood’s revenues were declining and the most frequently asked question by investors was whether SHIB would be listed.
Although the company did not make an additional statement on this issue, CEO Vlad Tenev stated that they carefully examined these questions.
While it is not clear whether SHIB will be listed, Robinhood, whose revenue has dropped drastically, needs a trigger factor just like DOGE, and SHIB may be the cryptocurrency that will provide it.