Why is Shiba coin gaining?

The total market cap of Shiba Inu has dropped to $11.35 billion .

Shiba Inu holders have been hoping the coin will be added to Robinhood Markets’ trading platform, spurring increased demand and adoption for the token .

Shiba Inu was recently priced at roughly $0.000034, down more than 50% from its lifetime pricing high of $0.00008841 per token. Climbing back to its lifetime high would bring the token’s market cap back up to roughly $50 billion . From there, it would only need to double once more to hit the $100 billion threshold.