Robinhood COO Praises Shiba Inu ($SHIB), Drops Major Hint on Listing

By Prashant Jha
Published November 10, 2021 Updated November 10, 2021
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Robinhood COO Praises Shiba Inu ($SHIB), Drops Major Hint on Listing

By Prashant Jha
Published November 10, 2021 Updated November 10, 2021

Shiba Inu community’s focus on the Robinhood listing has led to an online petition with over 500,000 signatures. Now Robinhood COO has dropped a major hint on listing speculations.

Robinhood COO Christine Brown appeared on Yahoo Finance to talk about the company’s future plans and the crypto market. One of the most anticipated questions was regarding Shiba Inu given the hype and online petitions to get it listed on the platform. Brown first praised the meme currency saying that the altcoin possesses some unique features that helped it climb the charts, especially the strong community behind it. She said,

“One of my favorite things is seeing the community around these coins really engage with us and let us know what they want.”

When asked whether the company is looking to list $SHIB, Brown gave more of a diplomatic answer, claiming their focus is on listing safe and secure tokens with a long-term focus and they do a very rigorous analysis before listing any token.

Shiba Inu ($SHIB), the meme currency has been in the limelight for over the past month, thanks to its mammoth 1,000% surge in October that also helped it to flip Dogecoin ($DOGE). The meme currency has also seen great adoption levels where the number of wallets is on the verge of breaching 1 million. AMC Theaters, the largest cinema chain in the US is all set to integrate Shiba Inu as a payment option while mainstream crypto exchanges continue to list new pairs amid huge demand.

Can Shiba Inu Bounce Back From Current Downturn

Shiba Inu’s price has retraced by nearly 50% from its all-time high of $0.000089 and currently trading under $0.000054. Even when the rest of the crypto market surged, $SHIB consolidated in the sub $0.00005 range. Market pundits believe the price would rebound in the coming weeks but might need a catalyst to bring back the bulls.

Shiba Inu
Source: TradingView

Many were hopeful that the Robinhood listing would help $SHIB reach new highs, but the recent comments from the company’s COO indicate the listing might not come anytime soon.

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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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