The digital currency “Shiba Inu” is one of the “meme” currencies, which was seen by many followers as the successor to the “Dogecoin” currency, and some even went to say that it would take its place.

However, “Dogecoin” still maintained its position among the top ten coins in terms of total market capitalization, while “Shiba Inu” coin fell to 45th place in terms of total market value, according to “Shiba Inu” website.coinmarketcap“.

Recently, the eToro platform listed the cryptocurrency “Shiba Inu” for trading.

According to eToro, the decision came after a great deal of customer demand.

Founded in 2006, eToro is a multi-asset trading and brokerage firm with offices in several European countries, the United States and Australia.

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eToro users will now be able to interact with the popular “Shiba” meme coin.

Shaybah Army: Sheep List!!!!!!!!!! Come on!!!! List now!!!!!!!!!!!!! Where is Sheep????? AHHHHHHHHH

eToro: *Lists Finally SHIBxM dollars*

Shaybah Army: Thank you!

– eToro (eToro) 29 July 2021

eToro recently outlined its plans to go public later this year, which will become possible after the merger with the Special Purpose Acquisition Company (SPAC) with a total valuation of more than $10 billion.

In May, eToro also listed the most popular meme coin Dogecoin.

Soon after its listing, DOGE pumped the price to an all-time high of around $0.5.

Why did the Shiba Inu cryptocurrency not rise despite its inclusion on the eToro platform?

The digital currency “SHIB” saw its record price in mid-May as its popularity skyrocketed.

But the price of the currency has fallen significantly recently, and interest in it remains only from a small group, who bought from higher levels, which was told by a user on Twitter nicknamed “Rickhard”:

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Shiba has already lost interest, the only people still around are the ones who are caught up in price hikes and desperate to sell in profit at least not lose

– Rickard (@Rickhar60197245) 29 July 2021

On the other hand, the “ShibaSwap DEX” protocol locked value decreased by more than 80%, although “ShibaSwap DEX” was only launched recently, and managed to attract billions of dollars in total value that were locked within a few days after the launch.

Currently TVL’s closed value has fallen by about 80% since then to about $400 million as of this writing, according to data fromDavy Lama“.

Read:US regulators seek to recover half a billion dollars in crypto from a fraudster

Which is another negative indicator that affected the price of the currency and did not make it interact with the recent listing on “eToro.” The price of the currency was also not affected by the recent rise in the crypto market, and “Sheba” only rose by 5% in the last 24 hours.

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