Gemini Added SHIB After The Massive Surge In The Altcoin’s Price

Crypto exchange Gemini added SHIB after a huge surge in the altcoin’s price and the Shiba Inu hype can’t seem to cool down so let’s read more in our latest Altcoin news today.

The meme token Shiba Inu can now be found on the Gemini crypto exchange as the token saw a huge surge in price in October and dethroned Dogecoin as the biggest meme by market cap. Popular meme token and leading DOGE rival Shiba Inu could be down from its peak of the meteoric rise in value but the cryptocurrency is still surging which is why Gemini added SHIB on its platform. Today, the crypto exchange announced that it has enabled SHIB trading on its platform alongside plenty of other coins and tokens and some of the notable additions included the USDC stablecoin and the AUDIO Token as well.

Shiba Inu saw a huge pop in value when Coinbase listed it in September but now the ETH-based token only saw a modest increase in the value and it is up 2% over the past day according to the data from CoinGecko with a current price of $0.00005400. Dogecoin is the original dog-inspired meem crypto and enjoyed a huge rise in value earlier this year and jumped from half a penny per coin to a new high above $0.73 but then reached a price of $0.26 and dropped by 65% from its peak price. SHIB is a new challenger to the DOGE coin but it put a serious fight as its price accelerated faster and at its peak, the coin was up 800% on the month and reached a new high of $0.00008616.

On a couple of occasions over the month, Shiba Inu surpassed DOGE in terms of the total market on CoinGecko’s ranking. SHIB is now down 37% from the past October peak with a market cap of $29.7 billion which sits below DOGE at $34.2 billion with the price of the coin being up 113% over the past 30 days. Other coins pumped as well with DOGE seeing an upward price action than other rivals like ELON and SAMO as well as FLOKI and SHIB. Meme coins are volatile and some of the gains were short-lived but like DOGE before them, they managed to pump faster and see some price surges and social-media-led momentum.

Source: https://www.dcforecasts.com/altcoin-news/gemini-added-shib-after-the-massive-surge-in-the-altcoins-price/