Amidst numerous project development updates, Shiba Inu has turned out to be one of the most traded cryptocurrencies in the market.
Though the meme coin is trading 80 percent below its ATH, analysts expect a resurgence that sees it reach $1 in the coming bull run.
According to the SHIB-focused Twitter account, Shiba Inu News, the dog-themed crypto is now the most-traded asset on trading an investment app Robinhood. The rise on Robinhood comes after a recent price increase that pushed SHIB into Robinhood’s top 5 gainers list at the end of October.
An official Robinhood tweet on October 28 showed that SHIB climbed 18 percent that week, only behind DOGE, ETH, and AVAX, respectively. At the time, whales also seemingly predicted the price pump and began to hodl. According to Whale Alert, a new Whale spent $37.46 million on 3.37 trillion SHIB after an anonymous wallet acquired 3.94 trillion worth $43.18 million.
Shiba Inu News also recently announced that SHIB hit a burn rate of up to 200 p

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