Search Inside Bitcoins

Shiba Inu Marketcap now higher than Deutsche Bank

Shiba Inu Price chart
Shiba Inu Price chart

The Shiba Inu price broke out above $0.00008 this week, a new all time high for the fan favorite meme cryptocurrency, up 75% in the past 24 hours.

On Coinmarketcap.com it has entered the top #10 ranked coins by marketcap, currently ranked 9th with a market capitalization (total value of all coins) of just under $40 billion.

That’s a higher marketcap than some multinational investment banks, e.g. Deutsche Bank has a marketcap of a little under $30 billion and is one of the top 1000 most valuable companies in the world.

Crypto Marketcap

In stocks, marketcap is the total market value of all of a publicly traded company’s outstanding shares and a common measure of its worth and success.

In crypto, marketcap is calculated by multiplying the current coin price by the number of coins in circulation.

The total global marketcap of all crypto is $2.4 trillion, of which Bitcoin’s share is $1.1 trillion. For Shiba Inu to ‘flip’ Bitcoin it would need to overtake that, which is unlikely as it has a higher circulating supply. Considerable profits can still be made from altcoins even if they don’t become ‘the next Bitcoin’.

SHIB overtakes DOGE

Considered by some to be a ‘Dogecoin killer’, Shiba Inu has now met that prediction and overtaken DOGE, which is currently ranked 11th by marketcap.

Dogecoin gained internet fame when popularized by billionaire Elon Musk, who gave a similar boost to SHIB by announcing on Twitter that he had a new dog, a Shiba Inu breed puppy.

The SHIB token has also been mentioned by Bitcoin billionaire Tyler Winklevoss.

Investing in Shiba Inu

On social media the potential gains from investing in Shiba are currently trending.

Wall Street and Silicon Valley business news account Morning Brew tweeted out that one investor had secured $8000 worth of SHIB in his wallet last August.

That investment is now worth $5.7 billion in Q4 2021 and may be the most profitable trade in history.

In a viral TikTok investors video, one trader who decided to sell Shiba Inu revealed that his holdings would now be worth $1 billion if he had held.

Buy Shiba Inu

Shiba Inu can be conveniently bought in units of millions on regulated exchange eToro under the ticker SHIBxM.

SHIB is also available on Binance and Coinbase. A petition has been launched for Robinhood to list Shiba Inu.

Bitcoin recently made a new all time high of $67,000 and is currently in a potential buy the dip situation, having corrected to $58,000. Ethereum is at $4,000 having reached $4,375 last week.

Retail investors show no sign of losing interest in cryptocurrency, as it continues to offer higher returns than the S&P 500, Gold and any bank account interest rates.

Its success has caused some investment banks, such as JPMorgan and Goldman Sachs, to finally acknowledge the use case and adoption potential of crypto and DeFi projects, in a reversal of opinion compared to previous years.

$
=
Shiba InuShiba Inu
Sort By

1 Providers that match your filters

Payment methods

Features

Usability

Support

Fees

1 or better

Safety

1 or better

Coin selection

1 or better

Rating

1 or better

Rating

for $ 1000 you get
28111579.3563SHIB
What we like
  • Easiest to deposit
  • Most regulated
  • Copytrade winning investors
Fees
Safety
Coin selection
Features
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
for $1000 you get
28111579.3563 SHIB

68% of retail CFD accounts lose money.

Read next

X

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

eToro - Best Cryptocurrency Platform

Buy Crypto

68% of retail investor CFD accounts lose money.

eToro - Best Cryptocurrency Platform
Buy Crypto

68% of retail investor CFD accounts lose money.

X

InsideBitcoins uses cookies to improve and customize your user experience. Learn more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close