OREANDA-NEWS. Meme-token Shiba Inu renewed its all-time high - on the morning of October 27, its value reached $ 0.000058, and its capitalization was $ 27 billion, according to the CoinGecko service. Over the past day, the cryptocurrency has risen in price by 30 percent after reports that the Robinhood application will start supporting it.

Shiba Inu is currently the 11th largest cryptocurrency. The price growth for the week was 93 percent. Breaking a record in value, the "meme" currency surpassed several large international companies in terms of capitalization, such as the automaker Nissan or the tech giant LG Electronics ($ 19.9 billion and $ 19.88 billion, respectively). By the time the news was published, the cost of Shiba Inu had adjusted to $ 0.000054.

Shiba Inu began to rise in price after a petition appeared on the Change.org website to include the token in the list of the brokerage firm Robinhood, which became famous for its lack of transaction fees. On October 26, the chief executive officer of the company, Vlad Tenev, said that he was "carefully" considering the possibility of adding new coins to the company's products. As of October 27, the petition has already collected 333.37 thousand signatures, and their number is increasing every second.

The creators of the currency depicting the Shiba Inu dog call their token the "Dogecoin killer". The project's website indicates that its main goal is to overtake the favorite cryptocurrency of billionaire Elon Musk in capitalization. The developers say they intend to "accelerate" the value of Shiba Inu, as did, for example, the GameStop shareholders from the Reddit community.