Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors

Shiba Inu (SHIB), one of the most popular meme coins, soared to an all-time high for the first time since May 11. The meme coin reached new heights of $0.00004432 over the weekend. SHIB was up over 50% in just 24 hours, according to the pricing from CoinGecko.

Related Reading | Shiba Inu Outranks Chainlink And Takes Place In Top 15 Crypto-Assets

With a market cap of $21.4 billion, Shiba Inu is currently the 13th biggest cryptocurrency. It is getting closer to Dogecoin, which is now in 11th place with a market cap of $33.86 billion. Both coins, however, can be quite volatile.

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It is also now worth more than Africa’s richest man, Aliko Dangote, who, according to Forbes, is worth $13.6 billion.

Shiba Inu Rallies

Shiba Inu’s latest rally can be attributed to an ongoing bullish trend that started about two weeks ago. Since then, Shiba Inu maintained week-long support at approximately $0.000028 before resuming a bull run to its latest record.

Related Reading | Why Shiba Inu (SHIB) Rallied 266% Following Biggest Dump In Its History

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“At this moment attention seems to have converged on SHIB and speculation is the primary driver of the price surge,” Ben Caselin, head of research and strategy at crypto exchange AAX, said on Sunday to Bloomberg. “Prior patterns and dynamics in crypto indicate that SHIB is likely to be challenged by other projects and shed much of its value further along in the market cycle,” he added.

SHIBUSD Chart on

SHIBUSD Chart on

SHIB price jumps to $0.000043 | Source: SHIBUSD on

Shiba Inu is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as “Ryoshi”. The coin’s website refers to it as “a decentralized meme token that evolved into a vibrant ecosystem.” It was modeled off Dogecoin, which is also fashioned after the Japanese dog breed. It is also dubbed the “Dogecoin Killer.”

“With such meme coins it’s hard to speculate on the actual reasons for price movements, in all honesty,” Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno Pte., said in a message Sunday. But “there are some interesting communities being built around them.”

Robinhood Rumors Fueling Rally

There are rumors that crypto trading platform Robinhood is getting ready to list Shiba Inu. According to the recent tweet by a prominent SHIB Twitter account, Robinhood might be considering adding the meme coin to the list of trading assets.

There is also a petition on urging Robinhood to list SHIB on its platform, and it has over 300,000 signatures.

During his interview with CNBC earlier this week, Robinhood CEO Vladimir Tenev reportedly refused to comment about whether or not the company would make the listing.

Featured image by Binance Research, Chart from


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Sheesha Finance Liquidity Generation Power

News BTC is mostly a price prediction platform. After writing about the cultural side of crypto for near four years, I’ve come to learn a thing or two about the correlation between leader, community, and price.

Even though I have no qualifications or desire to be a price predictor, I’ve made great friends here who it becomes easier to navigate the projects that have their foundations correct. The Defi burn is on, and I’m privileged to have chosen and accepted the ‘Artistic Ambassador’ title for Sheesha Finance.

Sheesha Finance is a Decentralized Finance venture founded by Saeed Hareb Al Darmaki. The strong team assembled to bring this venture into reality has been vetted by many community members, and approved to make the DeFi story even more interesting.

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“VESA has proven himself to be a leader in the digital art space which is not something that happens overnight. He has worked tirelessly at his craft for years, earning him features in Forbes and allowing him to work with very famous crypto infuencers. We are honored to have VESA as our Artistic Ambassador, guiding us in the decision-making of what artists to bring into our ecosystem and working with our community to educate and deliver quality content.”- Saeed Al Darmaki

The King’s Decentralized Deer

“If it is illegal for a man to fend for himself, how can he be a man in his own right?” -Robin Hood

Speaking of content, here is a thought and myth made visible in modern times. We undoubtedly are living through an unprecedented time in world history with COVID. Despite the rhetoric of “We are in this together” by most passing the lockdown laws, they keep having their paychecks show up, as they wish those well who have no such luck. The deer have been claimed by the king, leaving most with chasing rabbit meat.

While this might feel like a blessing to vegans, the green supply chain is equally affected, and there is a weird increase in supplement prices and kale lately. In this way, perhaps not all health risks this brings us are considered. For that problem, the crypto and DeFi space offer people the freedom to choose the risks they take. The defi space is a continued evolution of the power of the internet & free education for those who choose it instead of the latest episode of reality TV.

This is why I think what the COO Benjamin Leff has to say here matters.

What excites me most about Sheesha Finance is the unique model we have designed that allows exposure to top DeFi projects by way of partnerships and rewards to our stakeholders. Many of these partnerships come from direct relationships with Sheesha Finance team members and advisors. By partnering with such strong projects, our community members will receive tokens of merit. Over time we will turn our project into a Decentralized Autonomous Organization (DAO) leaving the decision-making to our community! – Ben Leff

There is no closed pre-sale, top rewards, nor hierarchy other than first movers. It’s designed for free will to participate for those who can, and all are welcome to join the community.

As for vetting the project properly, and OG advisory side, here are some words by the one and only Mr. James Bowater, London’s resident crypto insider.

I was super impressed with the team behind Sheesha Finance. In fact Saeed Al Darmaki is member of a few of my WhatsApp community groups. Of course you know Ben Leff which I found out by virtue of his work with Brittany Kaiser. Knowing other folks in the DeFi space like my good friends Stani Kulechov and Julien Bouteloup, one thing I know that is essential is the veracity and security of the coding of the smart contracts and so the final part of my decision process was being satisfied with the audit. I was delighted to find out my good buddy Hartej Sawhney of was not only doing the audit (which Sheesha passed with flying colours) but also joining the advisory team. Since joining Saeed some other familiar and friendly faces have come on board – essentially a great team for a great project which I’m delighted to support. – James Bowater

As my first token of appreciation, I made this NFT, which will be given as a limited to early investors gift. The blockchain coal the sheesha liquid smoke from tells a tale of gentle power. In collaboration with the temperatures, water is the most adaptable of substances we know. It is known the give the right conditions for life, where ever it appears.

Work: Community Drive
Mixed media digital NFT

For Sheesha Finance by VESA

The last but punchy quote of today is by Mr. Matthew Armstrong from Royale Finance.

“The partnership with Sheesha Finance is extremely important for us. It provides the much-needed distribution stability lacking in most DeFi ecosystems today. This mutually beneficial partnership helps Sheesha expand its network partners and reach while providing Royale network participants an interesting investment avenue through Sheesha’s liquidity generation events.” -Matthew Armstrong

For a further deep dive, check out this Medium article on Sheesha Finance.

I’ll soon be traveling back to Dubai to meet some old friends, as well as make new ones. Can’t wait to feel that desert sun on my face.

In the meanwhile, I wish you blessed stakes.


Crypto Artist
All links to physical, NFTs, and more below


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