Although Shiba Inu is considered to be a meme coin. The canine-based coin has left several coins behind in the market. Outperforming several potential cryptos in the space. The growth rate is astonishing for investors and traders. Yet it does seem realistic, considering the catalysts that are nurturing the coin’s growth.
SHIB Price to the Moon!
SHIB is running ahead in terms of market rankings. The coin at press time values at $0.00002989 with gains of ~32.4%. The market cap now is hovering around ~ $14 billion, which is up by over $6 billion since CoinPedia last reported. Which was just several hours ago. SHIB is now the 12th largest crypto by market cap at the press time.
The surge of SHIB is ~8000% in the last year and a 300% rally in a week. It is shy of just 18% to hit its ATH. Consecutively, netizens are hopeful that Shib will no longer be the “Doge Killer”. As going with the stats, it might possibly dethrone DOGE shortly.
Traders Watch Out!
Shiba Inu has been receiving tremendous responses from enthusiasts. The coin’s debut on CoinBase global’s crypto exchange has pumped the coin significantly. Shib burn is acting as a major catalyst in its rally. $25,000 tokens burn has already taken place as of August 8th, 2021. Moreover, the Shib army is ever-growing, and the community is overwhelming. Shib hits 1 million followers on one of its public platforms. And it has crossed the milestone of 700,000 SHIB holders.
It is worth mentioning that Shiba Inu might rhyme the trend of Doge, if not follow. Hence, it is advisable to keep a keen eye on both coins. On the contrary, SHIB developers have a hawk’s eye, in keeping the supply under control. Which is directly proportional to the value of the coin.
Summing up, while still many are hesitant on SHIB owing to price swings. Hodler’s are aiming at the coin eliminating two more zeroes, which does seem a tad more optimistic. But it does seem possible from the current stats. However, it is advisable, to hold SHIB as an inflation hedge to the inflation-ridden economy we live in.
Shiba Inu nears ATH as Robinhood include SHIB in survey
- Robinhood has included Shiba Inu in its market research.
- The community is bullish that this could be a sign that the Dogecoin killer may be listed on the platform.
- SHIB soared over 20% following the development.
A few days ago, the market value of Shiba Inu (SHIB) spiked momentarily following rumors that the popular retail trading platform Robinhood was going to list it. This time, however, there is a piece of evidence to believe that Robinhood may be considering listing the SHIB token in the future, and this has awoken the price to almost its all-time high (ATH).
SHIB spikes over 20% in 24 hours
It was learned today that Robinhood has been circulating an email to selected customers on what cryptocurrencies they purchased within the last three months.
The Shiba Inu token was included as an answer, although it’s not yet supported for trading on the platform. For the SHIB community, this was a clear indication that Robinhood is conducting market research to understand what cryptocurrencies the customers are interested in and probably a chance to get the token finally listed on the platform.
BREAKING NEWS: Robinhood is emailing this survey to select users of their platform.
They are including #SHIB as one of the answers to select!
Clearly doing market research on what their consumers want. pic.twitter.com/ovBNV2p0Wl— Shiba Inu News (@ShibalnuNews) October 22, 2021
Amid the development, the price of Shiba Inu spiked over 20 percent as many investors rushed to accumulate more tokens. This is evident as the trading volume increased from $1.22 billion to over $3 billion within a period of two hours. At the current time, SHIB has slightly dropped to $0.00003238, which is about 16% away from the all-time high of $0.0000388 in May, according to CoinMarketCap data.
Shiba Inu market is expanding
Shiba Inu recently made headlines in the past day following its recent rally. This further brought the token to the limelight, which subsequently attracted more investors and exchange support. SHIB gained listing on a major Turkish exchange BTCTurk, including Indian-based ZebPay. Earlier this month, NOWPayments also supported the meme cryptocurrency as a payment currency.
These developments are bullish and extend the accessibility and utility of cryptocurrency, which is what people look out for. So far, Shiba Inu has attracted over 760,000 holders. Meanwhile, SHIB has also started trading on Robinhood’s rival, Public.com, and a listing on Robinhood would be more of a milestone for the community.
Shiba Inu still out of Robinhood’s interest? CEO Tenev remains mum
Shiba Inu [SHIB] emerged as the rival of Dogecoin [DOGE]. This asset garnered immense attention from the globe with its price fluctuation and swift surge onto the top 20. With this, Shiba Inu managed to amass a spot on an array of prominent crypto exchanges. However, one trading platform didn’t show any interest in listing the altcoin.
Robinhood made a lot of news over the last couple of years and this wasn’t for all the good reasons. While the platform got back into form, the CEO of Robinhood, Vladimir Tenev spoke all things crypto during a recent interview with CNBC. However, the one thing he decided to leave out or rather ignore was a question about Shiba Inu’s listing.
Completely steering away from the question about listing the meme coin, Tenev took a rather long pause. The CEO dodged the question and did not decline or affirm the listing of Shiba Inu now or in the near future.
Furthermore, Tenev noted that the firm intends to focus on safety and has already been upholding the same. At present, Robinhood has a total of seven assets and intends to keep it at this as safety comes first for the platform. He added,
“I think it goes back to safety first. We are not generally going to be the first to add any new asset. We wanna make sure that it goes through a stringent set of criteria.”
The demand for Shiba Inu seemed to be taking off. A petition was filed on Change.org urging Robhinhood to list the altcoin. The petition managed to garner a whopping 286,000 signatures. However, this seemed to make no big difference as Tenev decided to stay mum about it.
Shiba Inu [SHIB] price movement
After surging by over 10.81% throughout the week, SHIB was seen riding the bullish wave over the last couple of hours. At the time of writing, SHIB was trading for $0.00002771 with a 2.94% drop over the last 24-hours.
The market cap of the altcoin also endured fluctuations over the past couple of days. Currently, the meme coin was in the 20th position with its market cap at $10.8 billion.
Once SHIB Regains $0.00003, It May Reach New ATH: Candidate for US Senate 2022 Shannon Bray
U.S. politician Shannon Bray joins the Shiba Inu army, wants to push SHIB back to $0.00003 and higher
Looks like the SHIB community has got itself a new powerful member: U.S. politician Shannon Bray.
Politician from Libertarian party touts SHIB
Candidate for U.S. Senate 2022 Shannon Bray has published a tweet about the Shiba Inu meme cryptocurrency, saying that once it recaptures the $0.00003 zone, it may reach a new all-time high soon after with little resistance.
Bray has urged the SHIB army to “make some noise” to drive the coin to close Friday with an over 20% rise.
Bray is a Senate candidate from the Libertarian Party. He has worked in the spheres of software development, information security and management.
I changed my Twitter background. It's time to kick $shib back into the 30's.
Come on #SHIBARMY … Make some noise. Let's close Friday over 20%.
Once we break the 30s again, we should have little resistance for a new ATH. pic.twitter.com/pt6yAm7Bsu— Shannon Bray (@ShannonBrayNC) October 22, 2021
Another influencer tweeting Shiba Inu picture
Elon Musk is not the only crypto influencer who likes tweeting pictures of Shiba Inu dogs. David Gokhshtein has now followed Musk’s example, posting a picture of the dog breed that inspired the first Dogecoin and then SHIB and FLOKI as well.
Gokhshtein has been holding Dogecoin and recently tweeted that he had gotten into SHIB and FLOKI too.
Will SHIB go to $0.01 soon?
Recently, SHIB has been listed by Robinhood app’s rival, Public, and it is now accepted by real estate agency Candoli Propiedades based in Argentina. Besides, the coin has been added by two crypto exchanges—India-based ZebPay and Turkish BtcTurk, both the oldest and biggest platforms in their countries.
The community is expecting Robinhood app to list SHIB as well one of these days, hoping that it would push the price as high as $0.01.