Leading dog-themed cryptocurrency Shiba Inu (SHIB) secures the second position in Robinhood’s list of top 10 cryptos with the most weekly gains.
According to the data, Shiba Inu came second after registering a price surge of 6.7% over the past week. Shiba Inu ranked behind Uniswap (UNI), which sat as Robinhood’s top weekly gainer, with a 14.6% price spike.
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Shiba Inu Outperforms BTC, ETH, and DOGE
However, Shiba Inu still outperformed other prominent Robinhood-listed crypto assets in the rankings, including Aave (AAVE), Chainlink (LINK), Ethereum (ETH), and Bitcoin (BTC).
AAVE, LINK, and ETH made it to the top five after witnessing a surge of 5%, 2.9%, and 2.5% over the past week, respectively. Furthermore, Bitcoin came sixth in the top gainers ranking published by Robinhood.
The world’s largest cryptocurrency by market cap recorded a weekly gain of 1%, followed by Compound (COMP), ranked seventh in Robinhood’s leaderboard with a price increase of 0.7%.
Other cryptos, like Tezos (XTZ), Litecoin (LTC), and Dogecoin (DOGE), appeared in the top 10 ranking despite ending the week with a negative price change of -0.6%, -1.3%, and -2.5%, respectively.
Shiba Inu Price Action
Meanwhile, considering its recent price movements, Shiba Inu’s ascent to the second position on Robinhood’s weekly top gainers’ list might surprise several market participants.
Shiba Inu started the week on a slow pace, with a unit of SHIB trading below $0.000025. The price of the canine-themed token fluctuated between $0.000025 and $0.000027 for most of the week.
Interestingly, Shiba Inu finally got its big break on May 29, when its price surged to nearly $0.00003, pushing SHIB to rank among the top 10 cryptos by market capitalization. Market watchers attributed the rally to multiple factors, one of which was legendary boxer Manny Pacquiao’s endorsement of SHIB.
In the meantime, SHIB lost almost all gains recorded on May 29 due to the recent onslaught across the broader market. At the current price of $0.00002524, SHIB was up 2.74% in the weekly charts and 16.4% in the past month.