The cryptocurrency ShibaInu hit a record high recently - but what is the price of the digital coin right now?
SHIBA INU reached an all-time high in the past few days in the wake of attention on social media, but what is the price of cryptocurrency now?
(Image: COINMARKETCAP)Bitcoin vs Ethereum - Which cryptocurrencies have real longevity?Don Guo, CEO of Broctagon said although the digital coin has grown significantly in recent days, it is still impossible for it to hit $1.He said it is impossible as there is not enough money in the world for it to manage to do so.
Mr Guo told Express.co.uk: “In order for SHIB to reach a dollar, it requires a market capitalisation of one quadrillion U.S dollars.“In comparison, the entirety of the U.S. National Debt is $23.3 trillion - and even that staggering sum constitutes less than three percent of the amount required for SHIB to reach that price point. Given current trends, it is more likely that Shiba will remain within its ballpark of less than a fraction of a cent.”
Shiba Inu price analysis: There is a petition circulating to list SHIB on Robinhood(Image: GETTY)TrendingSpeculation claiming Shiba Inu could soon feature on favoured retail brokerage platform Robinhood have also had an uplifting impact on the coin’s price. headtopics.com
A petition circulating on Change.org has garnered more than 295,000 signatures so far.Dogecoin experienced a similar boost in its price ahead of its official inclusion on the Robinhood platform.An anonymous source close to the exchange told FXStreet Robinhood had taken notice of the social media support for SHIB, and the platform plans to list SHIB soon.Read more: Daily Express »
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