Stock Groups

Will Shiba Inu List on Robinhood in February? Here’s What We Know -Breaking

by Mike Robinson

[ad_1]

Is Shiba Inu going to Robinhood? Here’s What We Know

On Wednesday, the heavily trafficked global news website ZeroHedge tweeted to its 1.1 million Twitter (NYSE:) followers this statement, “SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB – this is about 6 months too late.” As of this writing, Robinhood (NASDAQ:) has not replied to requests for confirmation or denial of the claim.

Vlad Tenev, CEO of Robinhood, stated during the October earnings call that Robinhood is cautious in deciding whether to add coins or tokens. “We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equally, if not more good,” Tenev said.

However, it was rumored that the price rose to more than 15%. But, CoinMarketCap.com reports that the price has since fallen 6.5% in the last 24 hours.

Shiba Inu (SHIB) was created anonymously in August 2020 as an Ethereum-based alternative to Dogecoin’s Scrypt-based network. Scrypt has limited functionality as it is designed to crypto mine certain Proof of Work networks. SHIB was wildly popularized in 2021 by Vitalik Anderin and Elon Musk’s publicity. In just a few short months, it experienced a price explosion of 49,000,000%.

SHIB has fallen 62% since October 2020, when it reached a record $0.000088455. SHIB developers over the years have been working to develop the Shib Inu eco-system, including launching its own exchange and a collection 7777 ShibaNFTs. There are also companion coins which complement SHIB. It’s definitely striving to evolve from a “meh” meme to a token with actual utility. We’ll have to see if this dog has its day on Robinhood.

EMAIL NEWSLETTER

You can also join the crypto-verse

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]