Shiba Inu Surpasses ETH and DOGE to Claim Second Place on Robinhood Top Gainers List
Based on the data, Shiba Inu experienced a price surge of 6.7% over the past week, securing the second position on Robinhood’s weekly top gainers’ list. However, it was outperformed by Uniswap (UNI), which claimed the top spot with a 14.6% price spike.
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Shiba Inu’s Performance Compared to BTC, ETH, and DOGE
Shiba Inu outperformed other popular cryptocurrencies on Robinhood such as Aave (AAVE), Chainlink (LINK), Ethereum (ETH), and Bitcoin (BTC). AAVE, LINK, and ETH were among the top five gainers, with price increases of 5%, 2.9%, and 2.5% respectively.
Bitcoin ranked sixth with a 1% gain, followed by Compound (COMP) in seventh place with a 0.7% increase. Despite negative price changes, Tezos (XTZ), Litecoin (LTC), and Dogecoin (DOGE) still appeared in the top 10 ranking.
Shiba Inu’s Price Movement
Shiba Inu’s rise to the second position on Robinhood’s weekly top gainers’ list may come as a surprise to many market participants. At the beginning of the week, SHIB was trading below $0.000025. Its price fluctuated between $0.000025 and $0.000027 for most of the week. On May 29, SHIB saw a significant increase, reaching nearly $0.00003 and entering the top 10 cryptos by market capitalization, attributed to various factors including boxer Manny Pacquiao’s endorsement.
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However, SHIB lost almost all gains made on May 29 due to the recent market downturn. Currently priced at $0.00002524, SHIB experienced a 2.74% increase in the weekly charts and a 16.4% increase over the past month.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
