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Its dramatic rise this week coincides with rising support for a Change.org petition urging trading platform Robinhood to list shiba inu coin on the site. The petition has garnered 334,500 signatures so far. Shiba Inu is one type of cryptocurrency, or digital currency, that is available only online. Its price soared in 2021, multiplying many times over, but still trades for tiny fractions of a cent. The year 2022 has been rough for Shiba Inu, with its price plummeting, but it still remains one of the world’s most popular cryptocurrencies, according to CoinMarketCap. But don’t get this coin confused with the Japanese dog breed that inspired its name. The Shiba Inu blockchain ecosystem is powered by the primary token called SHIB, also known as the Shiba Inu coin, which is an Ethereum-based ERC-20 token. In addition to the trading incentive-bearing SHIB token, the Shiba Inu ecosystem consists of two more digital assets. Bone ShibaSwap BONE allows owners to participate in the decision-making process thanks to its governance capabilities, while Doge Killer LEASH acts as the network’s store of value due to its artificially capped token supply.