Breaking: Shiba Inu Is Now Listed on Robinhood. Should You Buy?

Yuvi
Yuvi
3 Min Read

Key points

  • Trading app Robinhood announced on its official Twitter channel today that it was listing a handful of cryptocurrencies including Shiba Inu.
  • The Shiba Inu token soared as high as 31% within the first hours of the news and has since settled back to a 19.65% pump at the time of writing according to CoinMarketCap.
  • The other three newly listed cryptos on Robinhood were up single digits following the news: Solana was up 4.64%; Polygon was up 5.18%; Compound was up 7.56%.
Robinhood

According to the listing bot, Dogecoin killer, Shiba Inu, a meme currency, is now listed by Robinhood, a commission-free investing app. Even though the company has not yet made an official announcement on Shiba Inu getting listed by them, the meme coin, Shiba Inu, is already appearing on the official website.

Meme coin Shiba Inu (SHIB) nowadays jumped in rate with the aid of using 20%—a spike apparently because of Robinhood nowadays including assist for the asset. At the moment, SHIB is presently buying and selling for $0.00002674, in step with CoinMarketCap data, having cooled barely however nevertheless up 16% for the day.

Twitter: @robinhoodapp

Robinhood is a famous inventory and cryptocurrency app that shall we anyone (so long as they’re an adult) get worried in buying and selling. Today the app brought a guide for SHIB, as nicely as Solana (SOL), Polygon (MATIC), and Compound (COMP). 

Shiba Inu joins Solana (SOL-USD), Polygon (MATIC-USD), and Compound (COMP-USD) as the newest crypto listings on Robinhood. This opens them up to more traders, which could mean more growth in the future.

That appears to be the case already with each of these cryptos rising higher today. This has SHIB up 21.4% over the last 24 hours, SOL up 5.1% during the same period, MATIC gaining 7.7% in that time, and COMP getting a 7% boost as of Tuesday morning.

It is to be stated that Robinhood CEO Vladmir Tenev and different high-profile executives have usually snubbed the questions concerning Shiba Inu that stated whether or not or now no longer Shiba Inu must be indexed at the platform, the speculative query that became shifting across the community.

Robinhood / SHIB

The SHIB community is thrilled with the news of Robinhood listing Shiba Inu. Their voices are finally heard after they collectively banded together in August last year urging the leading exchange to list the token. It took RH eight months to finally list Shiba on its platform and get users to transact the token.

READ MORE: SHIBA INU IS NOW AVAILABLE AT BITCOIN OF AMERICA BTMS.

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Posted by Yuvi
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Co-founder of Xryptonation.com, Senior Author, Editor, Blockchain Expert.
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