Shiba Inu’s 45 Million Percent Price Rise Has CNN Discussing Memecoins

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Last Updated on 27 October 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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CNN’s international correspondent Julie Chatterley seems to be keen on not letting CNBC steal all the crypto thunder. With some 15 percent of Americans now invested in cryptocurrencies of some kind (apparently a third of them has Doge and about half of them has some Bitcoin) it is of course a growing market.

Chatterley, clearly keen on opening a new business segment for CNN, has since started discussing crypto with panels on the global channel.

Advertentie.

Overcrowded panel

Although most of those panels are ‘overcrowded’ (as Peter on Family Guy once pointed out), it does seem to mean good news for Shiba Inu to be taken seriously.

Wall Street’s business channels (CNN, CNBC, Bloomberg and others) have been busily discussing memestocks all year ever since a group of Redditors was able to take down a New York hedge fund through a short squeeze. Seems that they’ve now discovered Memecoins as well.

As we’ve said this weekend, Shiba Inu, a memecoin inspired by Dogecoin, is climbing ever higher in the CoinMarketCap charts. In fact, according to the coin’s own website, the crypto token has gained more than 45 million percent in the past year and is up more than 60% this week alone.

The latest rise seems to be fueled by a Change.org petition calling for Robinhood, the trading app that’s wildly popular with US youngsters, to list the coin. Some 320,000 people have already signed the petition.