The increase in trading volume of the Shiba Inu Coin has sent huge traffic to exchanges causing interruptions in the use of their websites and apps.
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Coinbase and Crypto.com’s websites have been struggling to stay online as the trading volume of the Shiba Inu coin keeps skyrocketing. Binance also experienced a similar problem with its app.
Such interruptions do not affect funds and assets stored with the exchanges.
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The Shiba Inu coin is up nearly 200% in the past seven days and has its market cap moved from $9 billion to $37 billion. It has overtaken Dogecoin in terms of total market cap. Dogecoin has a market cap of $32 billion.
While the crypto community looks forward to Robinhood to list the Shiba Inu coin, the memecoin is expected to continue its rally.
Elon Musk is reported to have said in a chat with Twitter’s Jack that Shiba Inu coin would hit $1.20 by the end of October.
Shiba Inu was trading at 0.00008000 at the time of writing this report.
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