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Tuesday, July 16, 2024

Shiba Inu (SHIB) Jumps 30% After Robinhood Listing

Robinhood listed Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and Compound (COMP).

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Shiba inu, the popular dog based meme coin was in the spotlight on Wednesday as the token zoomed over 30% in the last 24 hours.

Popular trading app, Robinhood listed Shiba inu (SHIB) token along with the three other crypto tokens Solana (SOL), Polygon (MATIC) and Compound (COMP).  With this, investors can now access 20 cryptos on its platform, including Bitcoin, Ethereum and Dogecoin.

“We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto,” said Steve Quirk, Chief Brokerage Officer at Robinhood. “As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”

Among the newly listed tokens, Shiba Inu was the most abuzz as it rallied 31 per cent to within 24 hours. However, the token is still 65 per cent below its all-time peak of $0.00008 hit in October 2021.

Shiba Inu
Source : CoinMarketCap

Volumes of Shiba Inu also witnessed a spectacular jump of 508% to $4.68 billion, in the last 24 hours.

“Our goal is to make Robinhood the most trusted and easiest to use crypto platform. We’re excited to bring even lower costs to our customers by integrating with the Lightning network,” said Vlad Tenev, CEO and co-founder of Robinhood.

Shiba Inu investors are hopeful about SHIB token price reaching 1 cent in 2022. However, SHIB will have to increase 403 times to reach that level this year.

Currently Shiba is standing at 15th rank and trading at $0.00002749 a gain of 20%, the market cap also jumped to more than $15 billion in the last 24 hours, according to the CoinMarketCap.


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