Shiba Inu surpasses Doge, now ninth most valuable cryptocurrency
Meme-inspired Cryptocurrency coin, Shiba Inu, has grown in market value in the last 24 hours, now trading as the fourth most-traded token.
Coingecko recorded Shiba Inu transactions worth $23,648,150,346 in the past day while USDT traded $100,799,560,865, Bitcoin traded $43,837,580,304 and Ethereum traded $29,678,957,350.
The joke coin, trading as $SHIB, currently has a market cap of $33,341,942,612.
Peoples Gazette had earlier reported the coin’s bullish run, attributing its rise in value to pressure on Robinhood Markets Inc. from crypto traders to add the coin to its platform. A petition was created on Change.org asking Robinhood to list Shiba Inu.
The report noted that 79 per cent worth of SHIB traded globally were in the hands of large holders or ‘whales’. Coingecko said the coin’s latest run has seen large wallet holders accumulate even more of the currency.
In September, Shiba Inu coin was listed on Coinbase for the first time, with its price increasing by 34 per cent after it was listed on the crypto exchange platform.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 2
Birnin Gwari: Kaduna is grateful to President Tinubu, says Uba Sani
President Bola Tinubu flagged off the 122-kilometre Kaduna-Birnin Gwari road project on Tuesday, in fulfilment of his campaign promise.
Economy
Forex stable, $52.5 billion reserves signal recovery: CBN
Mr Cardoso attributed the improvement to disciplined monetary tightening, exchange rate reforms, and improved market transparency.
World
Israel, Lebanon begin fresh round of U.S.-brokered talks in Rome
The negotiations, scheduled to run until Thursday, come as Lebanon seeks a phased withdrawal of Israeli forces from its southern region.
NationWide
Flooding: NEMA activates emergency response centre
The centre will serve as the central operational hub for tracking flood developments and coordinating intelligence sharing among disaster management agencies.
Economy
Stock market reverses gains as investors lose N599 billion
The market breadth closed negative, recording 40 losers against 13 gainers.
![Vessels along Strait of Hormuz (Photo credit: Benoit Tessier/File Photo/Reuters]](https://gazettengr.com/wp-content/uploads/cxk79fQB.jpg)
Heading 1
Strait of Hormuz: Iran says talks with Oman on vessel transit continue
Iranian authorities said the talks with Oman have been positive at both the technical and political levels as the two countries move close to reaching an agreement.
