Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. The decision to list the four cryptos is more likely an effort by Robinhood to slow its recent stock slide. Shiba Inu marketing lead LUCIE has chimed in on the Bitcoin bull run debate and when it is likely to begin in full force.
One of the most unique features of Shiba Inu is its burning mechanism, which involves removing a portion of tokens from circulation. Every transaction of Shiba Inu results in a 1% burn of the total tokens involved, which reduces the overall supply over time. This burn mechanism is believed to contribute to the coin’s scarcity and potential for price appreciation. The creators of Shiba Inu have positioned it as a playful alternative to other xcritical scam more serious cryptocurrencies like Bitcoin and Ethereum. The token pays homage to the Shiba Inu breed of dog from Japan, which has become a popular internet meme. In contrast to cryptocurrencies that aim to solve complex problems or serve a specific purpose, Shiba Inu is primarily focused on having fun and creating a strong community.
- Shiba Inu marketing lead LUCIE has chimed in on the Bitcoin bull run debate and when it is likely to begin in full force.
- This community has become a driving force behind the rise of Shiba Inu, with social media platforms such as Twitter and Reddit serving as key information hubs for supporters of this digital asset.
- The Shiba Inu community, both on and off Robinhood, is a growing force that continues to shape the ecosystem around this cryptocurrency.
- You can find more information about Shiba Inu through reliable news sources, online forums, social media platforms, and the official Shiba Inu website.
Four popular cryptocurrencies, including the tokens of Shiba Inu and Solana, have been listed on the trading platform Robinhood, the website shows. Staying informed about Shiba Inu news and market trends will be crucial for those looking to explore this digital asset. The Shiba Inu community, both on and off Robinhood, is a growing force that continues to shape the ecosystem around this cryptocurrency. This community has fostered a sense of enthusiasm and engagement that extends beyond trading on Robinhood.
This campaign for a Robinhood listing heated up significantly when one SHIB fan created a petition asking Robinhood to hear investors out. The petition received hundreds of thousands of signees — and actually caught the attention of the company. xcritical scammers Back in November, Robinhood COO Christine Brown praised the community, although she reiterated the company had no plans to list the crypto. While the SHIB token had been available on major exchanges such as Coinbase, Binance, Kucoin, and others, it was not available on Robinhood. To help hasten SHIB’s listing on Robinhood, a petition launched last summer to persuade Robinhood to adopt the token. As of today, the Change.org digital petition was still live and had 559,701 signatories — more than halfway to its target of 1 million.
What are the benefits of investing in Shiba Inu?
Dogecoin appeals to many investors because of its status as a “meme coin.” With its Shiba Inu mascot, it’s a much more light-hearted project than many others on the market. And of course, with its fast success last year, it has inspired other meme coins to seek out a listing of their own. After months of lobbying, and 559,701 petition signatures, popular dog-themed cryptocurrency Shiba Inu (SHIB) has been listed on mobile trading app Robinhood along with three other top-100 cryptos. Additionally, shiba inu was listed on Bitso, one of Mexico’s largest crypto exchanges by trading volumes. Robinhood CEO Vlad Tenev previously denied plans for listing shiba inu on the influential stock trading application in October 2021.
The surge in shiba inu came on the back of a broader recovery in crypto markets after nearly a week of declines. Bitcoin rose to the $43,000 level on Wednesday as Federal Reserve Chair Jerome Powell said the state would take measures to curb inflation in the coming months, as reported. The bump in shiba inu saw other meme coins, such as dogecoin (DOGE), gaining as much as 14% in the past 24 hours. Baby doge and floki inu, two meme tokens issued on the Binance Smart Chain, surged 10% in the same period.
SHIB Crypto Wags Tail at Long-Awaited Robinhood Listing
The community has also been a driving force behind the recent surge in Shiba Inu price, with coordinated efforts to increase demand and hype around this cryptocurrency. For those interested in trading Shiba Inu on Robinhood, the process is relatively straightforward. Once the account is active, navigate to the cryptocurrency trading section and search for Shiba Inu. Robinhood was founded in 2013 and has since expanded to offer trading in a variety of markets, including stocks, options, and cryptocurrencies.
Shiba Inu vs. Other Cryptocurrencies: A Comparative Analysis
This community has become a driving force behind the rise of Shiba Inu, with social media platforms such as Twitter and Reddit serving as key information hubs for supporters of this digital asset. Since its initial listing on the NASDAQ stock exchange last July, Robinhood (HOOD) soared to an all-time high of $70.94 on Aug. 4, 2021. Today it’s trading at a steep 83% discount at $11.70 per share from August peak price. Robinhood is an online trading platform that allows users to buy and sell various cryptocurrencies, including Shiba Inu. For nearly a year now, Shiba Inu fanatics have been trying to get Robinhood to list SHIB. This request comes after Dogecoin’s (DOGE-USD) historic run-up last spring; DOGE prices have soared over 7,000%.
Shiba Inu News
Last year, amid public support from Ethereum founder Vitalik Buterin and Tesla CEO Elon Musk, SHIB became wildly popular and realized an incredible price pump of 49,000,000% in a few months. SOL is the native token of Solana, a decentralized Proof-of-Stake blockchain built to enable scalable, user-friendly DApps. Investing in Shiba Inu can provide opportunities for potential returns, diversification of investment portfolio, and participation in a vibrant community of Shiba Inu enthusiasts. For example, Christine Brown has stepped down from her COO role at Robinhood, embarking on her own crypto venture. Now, while the company undergoes a change in upper management, it’s also switching up its stance on the SHIB crypto. On an investor call on Tuesday, Robinhood CEO Vlad Tenev did not say whether the platform would list new coins like Shiba Inu.
Since 2017, he has written about cryptocurrencies, blockchain, and crypto’s potential to revolutionize finance. His writing has appeared in outlets including Entrepreneur, Forbes, Fortune, CEOWorld, and Yahoo!. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. Shiba inu (SHIB) jumped 16% on Thursday, leading the gains among major cryptocurrencies, amid rumors of a listing on Robinhood.
The platform is designed to be user-friendly and accessible, with a clean interface and no hidden fees. “Fading retail engagement, particularly among Robinhood’s lower end consumer customer base, could represent further headwinds . While the company has negotiated much better economics on crypto trading, we see the decline in broader industry crypto volumes largely offsetting this tailwind ,” according to the analyst note from Goldman.
One of the advantages of using Robinhood for Shiba Inu trading is xcritical official site the platform’s easy integration with cryptocurrency wallets. This allows you to securely store your Shiba Inu tokens and make trades directly from your wallet. You can also easily view real-time market data and set up alerts for price movements. Robinhood, on the other hand, is a commission-free online trading platform that has gained popularity in recent years.
Polygon claims to be able to process up to 65,000 transactions per second with network fees of a fraction of a cent. Trading the Shiba Inu token on Robinhood is a straightforward process, even for those new to cryptocurrency trading. Still, the prospect of a new crypto wallet has not dampened enthusiasm among the Shiba Inu community for Robinhood to list its coin. Robinhood was founded in 2013 with the mission of making trading more accessible to average investors, launching a user-friendly app that made it easier to trade stocks and ETFs. Tor Constantino is a corporate communications executive and business writer with an MBA.