Shiba Inu Leads BTC, ETH, DOGE, and BCH On Robinhood

Shiba Inu ranks first in Robinhood’s leaderboard for the top 10 cryptos with the most gains this week.

Shiba Inu ($SHIB) has continued to stir in the crypto market following its recent jaw-dropping performance. The canine-themed token’s price spiked to $0.00004500 on March 5 after embarking on a parabolic run.

Despite losing a large percentage of its gain, Shiba Inu is sitting comfortably as the 10th biggest cryptocurrency, with a market cap of $20.91 billion.

Shiba Inu Outperforms $DOGE, $ETH, and $BTC

Interestingly, Shiba Inu secured the first position among the top 10 crypto assets with the most weekly gains on Robinhood. The development was shared on the X platform today by Shiba Inu’s marketing lead, Lucie.

$SHIB pic.twitter.com/ZZ5VkTUw3m

— 𝐋𝐔𝐂𝐈𝐄 | $SHIB.IO 🧜🏼‍♀️ (@LucieSHIB) March 8, 2024

Robinhood highlighted Shiba Inu as the best-performing crypto this week on its platform, outpacing other top assets, including Bitcoin ($BTC), Ethereum ($ETH), Bitcoin Cash ($BCH), and Dogecoin ($DOGE).

According to the data, Shiba Inu secured the top position on the leaderboard, with a 154.1% weekly gain. The canine-themed token outperformed $BCH, the second asset in the list, by a large margin. $BCH was up 43% in the weekly chart, placing it behind $SHIB.

In addition, $DOGE ranked third in the leaderboard, having surged 35.9% this week. Ethereum Classic (ETC), Uniswap (UNI), Aave (AAVE), and $ETH ranked behind $DOGE, rising 32.1%, 26.8%, 22.4%, and 16.4% in the weekly charts, respectively.

Furthermore, Tezos ($XTZ), Stellar ($XLM), and $BTC were ranked eighth, ninth, and tenth in the leaderboard. According to the data, $XTZ surged by 14.7%, $XLM saw a weekly growth of 14.4%, and $BTC rose by 11.8% this week.

Community’s Efforts Finally Paid Off

Many may be surprised to see Shiba Inu rank as the best-performing crypto in Robinhood’s leaderboard. It is worth noting that $SHIB stayed below $0.00001 for several weeks before it finally embarked on a parabolic run that took it to around $0.00004600.

Prior to its latest rally, the Shiba Inu community worked around the clock to ensure that $SHIB participated in the bull market. Some of these efforts included reducing $SHIB’s supply via intensive burns and urging new investors to acquire the token.

These efforts finally paid off as $SHIB skyrocketed heavily this week. In the hours leading up to press time, $SHIB changed hands at $0.00003548, up 6.4% in the past 24 hours and 71.02% in the past seven days.