Shiba Inu Jumps 50%, Becomes 11th Largest Cryptocurrency

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Shiba Inu Jumps 50%, Becomes 11th Largest Cryptocurrency
25 Oct 2021
7 min read

News Synopsis

It's no news that cryptocurrency is the future. Since its conception, crypto has captured the fancy of investors across the board. While earlier it was met with precaution and care, it's now considered one of the safest ways to invest. Earlier this year, it was Ethereum and Dogecoin that made the news for rising sky-high and getting valued at staggering prices. Now it's the turn for Shiba Inu. Shiba Inu was initially a meme cryptocurrency that was created to make fun of some of the most popular cryptos but soon it took its own identity. Named after the famous Japanese dog breed, Shiba Inu has finally become a legit cryptocurrency. It is currently the 11th largest cryptocurrency by rising 50% in value. 

Although Shiba Inu has become a legit cryptocurrency, many crypto platforms don't acknowledge it yet. Many financiers and investors have filed a petition to get SHIB acknowledged by the largest players in the game. Robinhood, one of the largest crypto platforms, has received a petition filed by Change.org asking the platform to recognize SHIB crypto. 

Cryptocurrency has long been a fascinating story for many. What started out as an alternative to traditional currency has, in such a short span of time, become a currency of its own. Many even claim that it will soon be the future.