“These investors are very passionate about such tokens and are determined to push the prices higher,” Lyu said. So they turn to Dogecoin and SHIB, where you buy tons using just $100.” A bitcoin can be divided into 100 million satoshi, its smallest unit. “But you’d need over $60,000 to buy one bitcoin. “Seeing bitcoin’s rise, some younger investors without a lot of money want to profit from crypto as well,” Lyu said. KuCoin primarily targets retail investors, Lyu said.Īs the world’s third most googled cryptocurrency, Shiba Inu notched a gain of more than 380% for the past 30 days and rallied more than 76,000,000% over the past 12 months. 28, SHIB’s volume was almost three times that of bitcoin. The trading volume of Shiba Inu recently surpassed that of bitcoin for at least three consecutive days on KuCoin, the world’s third-largest crypto exchange based on trading volume, according to Johnny Lyu, KuCoin’s CEO. On Oct. Shiba Inu saw a loss of 31.9% over the past seven days, its worst 7-day performance since May 25. Went down 14.2% for the past seven days, its worst 7-day performance since Sep. Recorded a 3.35% gain over the past seven days. Hit a record high at $4,669 on Wednesday, while the cryptocurrency has gained 11% over the past seven days.

The long dark sandbox