Shiba inu coin, a meme cryptocurrency, hits all-time high

The famous Dogecoin killer, Shiba Inu (SHIB) touched its lifetime highs on Sunday as bitcoin seems to be on track to snap its three-week winning streak.

The Shiba Inu coin traded at $0.0000455 at 11:20 UTC, higher than the previous record price worth $0.0000388 reached on May 10.

Meme token’s prices have increased by nearly 50% in the last 24 hours, expanding the month-to-date increment to almost 500%.

The latest leg of SHIB increased from $0.0000270. There are rumors that cryptocurrency may soon be listed by online brokerage platform Robinhood. Prices increased over 200% in first week of the month on the back of increased buying by whales or large investors.

Strong bid has been picked up by SHIB coin four days after move of bitcoin towards a new record as high as of $66,975 on Oct. 20 and points to an grow risk appetite in the cryptocurrency markets.

DOGE has obtained just 27% and still trades well below its August high of $0.35. DOGE hit a peak price of over $0.73 in early May.

Cryptocurrency is experiencing a 2.3% weekly loss at the current rate of $60,060. Should the fall hold through the UTC close of Sunday, it would be the first weekly drop of Bitcoin since the third week of September.

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