Shiba Inu (SHIB) Rally Loses Momentum
- SHIB is no longer among the top 10 digital assets.
Shiba Inu (SHIB) experienced an astonishing bullish rally this year as the total market cap of the meme coin jumped from a few million dollars to over $50 billion in the first 10 months of 2021. However, the rally has stalled for now.
After touching an all-time high of $0.000087 on 28 October, Shiba Inu saw a gradual decline over the following weeks. The cryptocurrency has lost nearly 40% of its value since then. With a market cap of $28 billion, SHIB is no longer among the top 10 cryptocurrency assets in the world.
Earlier this month, crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Kraken teased the Shiba Inu community with a tweet about the possible listing of SHIB. According to Kraken, the exchange is currently going through a listing review process.
In the meanwhile, Christine Brown, COO of Robinhood Crypto, said that the company is in no rush to list crypto assets like Shiba Inu. "I also think that our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now. We think that the short-term gain we might get is not worth the long-term tradeoff for our users,” Brown told Decrypt's Editor-in-Chief, Dan Roberts.
Shiba Inu Army
Despite the recent drop in the price of SHIB, the digital asset has been trending on social media platforms like Twitter. Shiba Inu Army (the community of SHIB holders) has grown exponentially in the past few months. According to Coinmarketcap, the total number of Shiba Inu holders currently stands at around 942,000. Since 15 August 2021, the total number of SHIB holders has increased by more than 50%.
Shiba Inu (SHIB) experienced an astonishing bullish rally this year as the total market cap of the meme coin jumped from a few million dollars to over $50 billion in the first 10 months of 2021. However, the rally has stalled for now.
After touching an all-time high of $0.000087 on 28 October, Shiba Inu saw a gradual decline over the following weeks. The cryptocurrency has lost nearly 40% of its value since then. With a market cap of $28 billion, SHIB is no longer among the top 10 cryptocurrency assets in the world.
Earlier this month, crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Kraken teased the Shiba Inu community with a tweet about the possible listing of SHIB. According to Kraken, the exchange is currently going through a listing review process.
In the meanwhile, Christine Brown, COO of Robinhood Crypto, said that the company is in no rush to list crypto assets like Shiba Inu. "I also think that our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now. We think that the short-term gain we might get is not worth the long-term tradeoff for our users,” Brown told Decrypt's Editor-in-Chief, Dan Roberts.
Shiba Inu Army
Despite the recent drop in the price of SHIB, the digital asset has been trending on social media platforms like Twitter. Shiba Inu Army (the community of SHIB holders) has grown exponentially in the past few months. According to Coinmarketcap, the total number of Shiba Inu holders currently stands at around 942,000. Since 15 August 2021, the total number of SHIB holders has increased by more than 50%.