Here’s Why Shiba Inu ($SHIB) Doesn’t Need a Robinhood Listing Any Longer

By Prashant Jha
Published October 30, 2021 Updated October 30, 2021
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SHIB Price Analysis: New Year Rings Recovery Bell For Shiba Inu

Here’s Why Shiba Inu ($SHIB) Doesn’t Need a Robinhood Listing Any Longer

By Prashant Jha
Published October 30, 2021 Updated October 30, 2021

Shiba Inu ($SHIB) continue to dominate the meme currency market as it overtook Dogecoin ($DOGE) to become the ninth-largest cryptocurrency. After making record highs just a couple of days ago posting another ATH of $0.000088, the meme currency saw a major price retrace of nearly 50% as its price dipped to $0.000057. However, the bullish momentum helped the altcoin recover majority of its losses the same day, and it is currently consolidating near $0.000075 mark.

Shiba Inu
Source: TradingView

$SHIB has recorded a mammoth price surge of near 1,000% in October overcoming some major hurdles such as the Elon Musk stress test, a major 31.04 billion token dump. All this while the Shiba Inu community continues to demand its listing on Robinhood. There is an online petition going on at change.org that has gained over 400K signatures, however, looking at what the meme coin has done over the past month where its valuation grew greater than Robinhood, it seems the fintech exchange app is in greater need of $SHIB listing.

Robinhood in its latest financial report has disclosed a decline in crypto activity on the platform and its stock also plunged 8% after the revelation. Thus, a $SHIB listing would give them a push in terms of trading activity as well as publicity. Coinbase is also milking the $SHIB frenzy as it replaced the $DOGE ticker with $SHIB as the feature image of its app.

Shiba Inu Continues to Hog Social Media Limelight

Shiba Inu is a meme currency with a strong community that continued to dominate the social sentiment charts. Santiment data showed that despite a slump in price and consolidating phase, Shiba Inu remained a trending topic on social media.

Shiba Inu
Source: Santiment

$SHIB at one point managed to overtake Polkadot ($DOT) and $XRP as well, and if it manages to mimic another similar rally, it could very well eliminate another zero from its price.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Prashant Jha
1277 Articles
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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