Top 5 crypto gainers list of Robinhood
- Crypto trading platform, Robinhood, has listed the Dogecoin Killer, the Shiba Inu, in its top-5 list.
- In last week’s crypto report, Robinhood shared this in its recent tweet along with developments in the crypto industry.
On October 29, 2022, in the weekly crypto events, Robinhood shared the tweet in which it added about the five most profitable cryptocurrencies. On the list, “Dogecoin Killer”, the Shiba Inu reserved its place in the top five list.
Robinhood also mentioned in his tweet about the new Prime Minister of the United Kingdom, Mr. Rishi Sunak, and called him a crypto-enthusiast, because he supported a central bank digital currency (CBDC) for the Royal Bank as a former chief financial officer.
In the tweet, the company added that Warner Bros. (WB) launches the NFT access movies. WB Movieverse debuted a $100 (now $2,500) Lords of the Rings special edition. On the other hand, the inflation pegged “flatcoin” is being tested to track the cost of living instead of a fiat currency or commodity like a stablecoin.
Shiba Inu Analysis
In fact, the Shiba Inu marked an increase in value of almost 18% since the beginning of last week. Thus, it became the most profitable cryptocurrency on the Robinhood platform. However, in the top cryptocurrency list, Dogecoin Killer, after Avalanche (AVAX,), Ethereum (ETH,) and Dogecoin (DOGE.)
Also, according to the Shibbur website, the burning rate of the Shuba Inu increased by 443%. And a new whale bought about 3.37 trillion SHIB tokens for $37.46 million.
While last week’s performance was noted 17.3% of the gain of SHIB token and is currently trading at a price of $0.000012 USD with a 24-hour trading volume of $965.92 million. But the token is down 10.39% in the last 24 hours and currently the CoinMarketCap ranking is #13, with a live market cap of $6.61 billion.
CoinMarketCap: Shiba Inu to USD Chart
The attack of the whales
From last week’s performance of Shiba Inu, it attracted more crypto investors. In the US, the token is now available for trading according to the Bitstamp Exchange report, and it is estimated that the token price may increase further in the coming weeks as the crypto whales seem hungry for the coin.
Before the rise in the price of Shiba Inu, the crypto whales had bought huge amounts of SHIB. In recent days, an unidentified whale made a record purchase of Shiba Inu on the same day, for a total of 3.94 trillion Shiba Inu tokens. It was worth about $42.9 million. In addition, an existing Shiba Inu whale also invested $1.92 million (165 billion SHIB units) to join the crowd.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional money exchange systems. She is also fascinated by the blockchain technology and its function.
