The crypto-verse has witnessed the arrival and departure of an array of coins. Is Shiba Inu [SHIB] losing its hold in the crypto market? The ongoing price fluctuation in the Shiba Inu market has left an array of people wondering the same. Even though the whales were behind this massive downfall of the altcoin, it continued to flourish with regard to its popularity.
Since yesterday, SHIB noted a dramatic downfall. While all the others were enjoying a nice uptrend, SHIB noted a major fall. The altcoin’s price, during the time of writing, had dropped to a low of $0.00005607 with a whopping 13.86% reduction in the previous 24-hours.
Despite taking over its rival meme coin, DOGE, Shiba Inu plummeted with regards to market cap as well. Dogecoin [DOGE] stood as the 9th largest cryptocurrency with a market cap of $34.9 billion. SHIB, which had previously acquired this spot went on to take over the 11th rank which has a market cap of $30.7 billion.
New Shiba Inu trading pairs make it to Coinbase Pro
Coinbase Pro was one of the first crypto exchanges to accommodate the meme coin, Shiba Inu. The asset managed to secure a strong spot on the exchange and even managed to witness an extensive surge right after. In a recent tweet, Coinbase Pro announced the arrival of euro and British pound pairs. The tweet read,
“Trading on our SHIB-EUR & SHIB-GBP order books is about to begin. Books will now enter post-only mode. Customers can post limit orders but there will be no matches (completed orders). The books will be in post-only mode for a minimum of 1 min.”
In the meantime, more and more exchanges continued to induce Shiba Inu into their system. However, Robinhood clearly didn’t want any of that Shiba Inu bug.
Several months ago, a petition was started urging Robinhood to list the Shiba Inu coin. This petition required a total of 500,000 signatures. Over the months, the petition managed to amass signatures from a vast variety of people and at present, the total number of signatures reached a high of 486,805.