Shiba Inu NurPhoto
Shiba Inu's market capital is $40.45 billion. This is more than many US household names and meme stocks.
AMC, Robinhood and General Mills are behind the meme token in market value. Yum Brands is Taco Bell's owner.
The "SHIBarmy" has helped the price of shiba Inu rise more than 950% over the past month.
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The remarkable rise of shiba Inu has led to the cryptocurrency meme-inspired to reach a market value of over $42 billion.
This surpasses the market value of some of the most famous US brands as well as meme stock darlings of Reddit.
According to CoinMarketCap data, the total had fallen to $40.45 trillion as of Saturday morning. However, shiba Inu's market capitalization is up since August last year.
The price of the coin has risen more than 950% thanks to "SHIBarmy", fervent supporters of the coin. Tesla CEO and crypto enthusiast Elon Musk tweeted about his Shiba Inu puppy and how a crypto whale bought 276.7 billion coins to fuel the rise.
Shiba Inu's market cap is greater than these six household and meme names:
Noam Galai/Getty Images AMC Entertainment Holdings Tick: AMC price per share: $35.37. Market cap: $18.16 million Notes: AMC is the US's largest movie theatre chain. It has been in existence since 1920. AMC, which was in danger of bankruptcy a few years ago, saw its stock prices soar this year due to the massive meme stock buying spree by retail traders. The company's shares have increased 1,568% in the past year. After a massive Twitter vote, the crypto-friendly cinema chain announced that it plans to accept bitcoin and ethereum for some payments and will also accept litecoin and litecoin as payment options. Dogecoin will be used for gift card payments. Adam Aron, CEO of AMC, said that AMC could even issue its own digital currency. Yum! Brands KFC SOPA Images Yum! Brands Ticker YUM: $124.94 Share price: Yum! Yum Brands, a US fast-food company, is the owner iconic brands such as KFC, Pizza Hut, and Taco Bell. It operates globally.
It is based in Louisville, Kentucky and has over 50,000 restaurants across 150 countries. Yum Brands recently purchased an AI-powered platform for food preparation and delivery optimization as part of its tech buying spree. Its shares have increased 15% so far in 2021. Robinhood Markets Trader MoMo Productions Robinhood Markets Tick: HOOD Share price: $34.97 Market capital: $30.06 Billion Robinhood is an American trading app and platform that retail investors use. Since its inception, it has created a list of cryptocurrencies like bitcoin, ether, and dogecoin. Robinhood has been contacted by shiba-inu fans to include the coin in its crypto list. However, Vlad Tenev, the CEO of Robinhood, stated that the company is still waiting for clarifications from regulators. Robinhood upset many customers when it stopped buying GameStop, AMC, and other meme stocks earlier in the year. After the company's disappointing earnings, influential investor Cathie wood of Ark Invest bought Robinhood shares worth $79.4million this week. The stock price has dropped more than 10% from its July IPO price, $38 per share. General Mills Cheerios Brandon Bell General Mills Tick: GIS Price per Share: $61.80 The market cap of General Mills is $37.43 Billion. Minneapolis-based General Mills, founded in 1856, is well-known for American household staples like Cheerios and Betty Crocker. It has over 100 brands, including Jus-Rol in UK and Latina pasta from Australia. The pandemic was a good time for its products as many people stayed at home and stockpiled. However, its prospects became less clear as restrictions were lifted and out-of home dining returned. Also, commodity costs increased. General Mills reported solid September earnings, stating that people still bake like they did during lockdowns. The stock has risen 5.1% in the past year. Philippe Desmazes GameStop Gamer: GME Ticker: GME Market cap: $14.04 Billion GameStop was established in 1984 and has stores all over the US. It became the center of retail-trading frenzy January. WallStreetBets activists bought the stock to push the stock's price higher and squeeze institutional short sellers. GameStop's stock price soared more than 1,000% within a matter of weeks. The stock has risen 874% in the past year. GameStop management, with Ryan Cohen, Chewy cofounder, has been pushing to be the Amazon of gaming since the Reddit-fueled rally. Warner Music Group Nigerian singer and rapper Burna Boy. Jared C. Tilton Warner Music Group Ticker : WMG Price per Share: $49.49 Market Cap: $25.46 Billion Multinational conglomerate Warner Music Group includes Ed Sheeran and Bruno Mars as well as rapper Lizzo and singer Burna Boy from Nigeria. It is the third largest company of its type in the world and includes labels Warner Records, Atlantic, and Parlophone.
The stock in the 1958-founded music and entertainment company began trading on the Nasdaq in June 2013. Warner Music originally planned to go public in 2021's first quarter. However, the outbreak of coronavirus ravaged financial markets and Warner Music pulled its IPO. Warner Music was also affected by the pandemic. It also caused problems in supply, so its retail outlets were closed. Concerts and video shoots were canceled. Analysts now expect the company's performance to be good, and the stock price rose following Thursday's earnings report. The company's shares have risen 30% in the past year.
