Altcoin News

Shiba Inu nears ATH as Robinhood include SHIB in survey

TL;DR Breakdown:

  • Robinhood has included Shiba Inu in its market research.
  • The community is bullish that this could be a sign that the Dogecoin killer may be listed on the platform.
  • SHIB soared over 20% following the development.

A few days ago, the market value of Shiba Inu (SHIB) spiked momentarily following rumors that the popular retail trading platform Robinhood was going to list it. This time, however, there is a piece of evidence to believe that Robinhood may be considering listing the SHIB token in the future, and this has awoken the price to almost its all-time high (ATH).

SHIB spikes over 20% in 24 hours

It was learned today that Robinhood has been circulating an email to selected customers on what cryptocurrencies they purchased within the last three months. 

The Shiba Inu token was included as an answer, although it’s not yet supported for trading on the platform. For the SHIB community, this was a clear indication that Robinhood is conducting market research to understand what cryptocurrencies the customers are interested in and probably a chance to get the token finally listed on the platform. 

Amid the development, the price of Shiba Inu spiked over 20 percent as many investors rushed to accumulate more tokens. This is evident as the trading volume increased from $1.22 billion to over $3 billion within a period of two hours. At the current time, SHIB has slightly dropped to $0.00003238, which is about 16% away from the all-time high of $0.0000388 in May, according to CoinMarketCap data. 

Shiba Inu market is expanding

Shiba Inu recently made headlines in the past day following its recent rally. This further brought the token to the limelight, which subsequently attracted more investors and exchange support. SHIB gained listing on a major Turkish exchange BTCTurk, including Indian-based ZebPay. Earlier this month, NOWPayments also supported the meme cryptocurrency as a payment currency.

These developments are bullish and extend the accessibility and utility of cryptocurrency, which is what people look out for. So far, Shiba Inu has attracted over 760,000 holders. Meanwhile, SHIB has also started trading on Robinhood’s rival, Public.com, and a listing on Robinhood would be more of a milestone for the community.

This post was last modified on October 23, 2021 8:53 pm

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Recent Posts

LTC Wallet Review 2022

Litecoin LTC was the 8th altcoin to be created, and it outlived the other 7… Read More

December 3, 2021

Bitcoin, Ethereum, GXChain, Cosmos, Polygon Price Analysis ‒ 3 December Morning Prediction

TL;DR Breakdown Influxes of 1.51% raise Bitcoin back to $57.1k.Ethereum returns value to $4.6k following… Read More

December 3, 2021

Navi mutual fund presents paperwork for a blockchain fund

TL;DR Breakdown The Indian government may introduce a crypto regulation framework rather than a ban.Amid… Read More

December 3, 2021

Janet Yellen calls for agreement in digital dollar creation

TL; DR Breakdown Janet Yellen calls for agreement in digital dollar creationYellen wants to weigh… Read More

December 3, 2021

Northern Data YTD 2021 revenues surge buoyed by million-euro acquisitions

TL;DR Breakdown Northern Data reveals that it made up to EUR 220M revenues by November.The… Read More

December 3, 2021

Hardware Wallet vs Software Wallet: Crypto wallet choices for 2022

Crypto wallets enable crypto users to send, receive, and store their digital assets/currencies. Once a… Read More

December 3, 2021

This website uses cookies.