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Shiba Inu Now Valued Higher Than Nissan and LG Electronics as Price Hits Fresh Record Highs

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Wed, 10/27/2021 - 05:22
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Alex Dovbnya
Shiba Inu is now halfway to removing another zero from its price tag, and it has just surpassed Nissan in valuation
Shiba Inu Now Valued Higher Than Nissan and LG Electronics as Price Hits Fresh Record Highs
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The price of Shiba Inu (SHIB) has hit yet another record high of $0.00005364 earlier today, according to CoinGecko data.  

With the cryptocurrency’s market cap hitting $21 billion, Shiba Inu is now bigger than Japanese car manufacturer Nissan ( $19.9 billion) and South Korean tech company LG Electronics ($19.88 billion).

Shiba Inu
Image by companiesmarketcap.com

The meme coin is up 87% this week alone, extending its streak of eye-popping gains.  

Related
Shiba Inu Now Accepted by Restaurant in Paris

Robinhood keeps kicking the can down the road 

As reported by U.Today, the question about the Shiba Inu listing was the top-voted one ahead of Robinhood’s Q3 earnings call. 

Yet, the company failed to set the record straight on the matter despite investors’ expectations. 

CEO Vlad Tenev said that the trading app was “carefully” evaluating new coins: 

We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equally, if not more good. 

Robinhood’s shares plunged more than 8% in after-hours trading after the company revealed that its cryptocurrency-based revenue had tanked by a higher-than-expected 78%.

The online brokerage app made only $51 million with cryptocurrency transactions compared to $233 million during the previous quarter. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.