Shiba Inu (SHIB) crypto token might be not a joke anymore. After itemizing on a number of international crypto exchanges like Coinbase and Binance, the dog-themed memecoin has now been listed on Robinhood Markets.
Listing on Robinhood platform had been a longstanding demand of Shiba Inu neighborhood. Along with Shiba Inu, Robinhood has additionally listed Solana’s SOL, Polygon’s Magic and Compound’s COMP tokens.
Robihood is in style amongst day merchants. It lately rolled out wallets to allow clients ship and obtain their tokens.
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“We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto,” Steve Quirk, Chief Brokerage Officer at Robinhood mentioned in an official weblog on Tuesday (April 12, 2022).
“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,” he added.
Will Shiba Inu worth soar extra?
Since its itemizing on Robinhood, Shiba Inu worth witnessed a 35% surge in a single day. However, consultants imagine the SHIB worth will appropriate as the present surge is barely as a result of euphoria of itemizing on Robinhood. At the time of penning this, SHIB worth was up 20% over the past day.
“SHIB is one of the most popular meme-coin and its listing on Robinhood was awaited for a long time. Robinhood announced yesterday that it has listed SHIB on its platform for trading which resulted in a 35% surge in SHIB prices in a single day. The surge in SHIB prices is mainly due to the euphoria created around the Robinhood listing and we can expect some price correction in the days to come,” Shivam Thakral, CEO of BuyUcoin mentioned.
“The SHIB rally could spark an upward trend in the meme-coin space and it will be interesting to watch the price movements of other meme-coins in the coming weeks,” he added.
Shiba Inu (SHIB) is an Ethereum-based (ERC-20) token that’s hosted on the Ethereum blockchain. It was launched as a substitute for Dogecoin (DOGE) in August 2020 by an nameless individual or group below the identify Ryoshi. According to its founders, SHIB was created as an experiment in decentralised spontaneous neighborhood constructing.
(Cryptos and different digital digital property are unregulated property in India. Investing in them might result in losses. Please seek the advice of knowledgeable monetary advisor earlier than making any funding resolution in crypto)
Source: www.financialexpress.com”