Cryptocurrency Enthusiasts Make a Strong Case for Shiba Inu Listing on Robinhood


Over the previous few days, the value Shiba Inu coin (SHIB) has risen dramatically – at one level changing into the thirteenth most-valued cryptocurrency by market capitalisation. Its worth has greater than tripled up to now week and billionaire tycoon Elon Musk is being credited for the rise. Given the speedy surge, the demand for its addition to main cryptocurrency platforms is rising. A petition circulated on, urging Robinhood cryptocurrency buying and selling app so as to add the digital coin, final evening surpassed 200,000 endorsements. The demand spiked after the app added Shiba Inu coin‘s main rival Dogecoin on its platform.

“This petition is designed to kindly request of Robinhood to please list Shiba Inu coin to trade, reads the petition.

The petition said Dogecoin’s addition to Robinhood has been a success and Shiba Inu is a “similar meme coin with genuine potential” and it has been gaining new floor by the day. It mentioned Shiba was not too long ago listed on Binance and has carried out properly for its clients. “Let’s encourage Robinhood to be the first traditional brokerage to get on this train! Thank you,” it added.

Launched in August 2020 by the anonymous founder known as “Ryoshi”, Shiba Inu is positioned as a “Dogecoin Killer” and aspires to be an Ethereum-based alternative to the popular meme. Its value rose from $0.00000723 (Rs. 0.00054) on October 1 to $0.00003473 (Rs. 0.0026) on October 7. However, some of that gain has tapered off and SHIB price in India was around Rs. 0.0017 ($0.00002308 ) at the time of writing this report.

A cryptic tweet by Tesla and SpaceX CEO Elon Musk on October 4 was widely credited for the coin’s rapid surge. The cryptocurrency enthusiast, who has previously supported cryptocurrencies together with Bitcoin and Dogecoin, had shared an image of his pet dog “Floki” enjoying the sunshine on a Tesla electric car. The image had caused quite a stir and many saw it as his endorsement of the new Shiba Inu coin.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is on the market on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.