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Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba inu coin to a Covid-19 relief fund in India.
Its dramatic rise this week coincides with rising support for a Change.org petition urging trading platform Robinhood to list shiba inu coin on the site. The petition has garnered 334,500 signatures so far.
In 2018 , Robinhood started expanding its crypto offerings beyond bitcoin and ethereum to include currencies including litecoin and bitcoin cash. Crypto explorer
This year, dogecoin's record rise put so much pressure on the platform's crypto trading systems, that it was briefly broken. It said this week that cryptocurrencies accounted for nearly 20% of its transaction-based revenues in the third quarter, or about $51 million. That's an 860% increase from the same period last year.
A Robinhood spokesperson declined to comment on the petition.
But during an earnings call this week, CEO Vladimir Tenev said that his platform will "carefully evaluate whether we can add new coins in a way that's safe for customers and in line with regulatory requirements."
"We feel very, very good about the coins that we're currently listing on our platform. And for any new coins that we add, we want to feel equally, if not more good," he added.
Shiba inu coin also surged earlier this week, but lost some recent gains after Tesla CEO Elon Musk - who is a big fan of dogecoin - tweeted that he does not own any shiba inu coin. In a follow up tweet, he added that he has bought "Bitcoin, Ethereum & Doge. That's it." Musk's tweets have frequently moved crypto markets.
Interactive: 15 experts. 11 questions. All your crypto questions, answered.
Bitcoin prices have surged 50% this month, from just under $44,000 at the end of September. Bitcoin is currently trading at almost $60,000.
Here's my website: https://crypto-explorer.net/
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