Crypto Twitter is alive with circulating information that SHIB will be listing on Robinhood app soon. Over the last few days, there have been numerous publications and blog posts across the internet hinting at Robinhood listing the Shiba Inu coin(this has not yet been confirmed). Robinhood is a billion-dollar commission-free stock trading app based in the United States.
SHIB has already pumped 12% to $0.000029 at the news of the listing rumors. Robinhood app has over 22 million users of August 2021. This is a colossal number and a listing would expose SHIB to non-crypto investors.
In comparison, when DOGE was listed on Robinhood, it pumped by over 800% within 24 hours. In the following weeks the buy pressure from the app and from the support of Elon Musk, DOGE reached a high of $0.70.
What the Robinhood Listing Means to Shiba Inu
Elon seems to be in bed with the SHIB community after he bought a Shiba Inu pup and named it Floki. Analysts are already anticipating that the rumored Robinhood listing could drive SHIB to $0.1. SHIB has been consolidating inside a structure that appears to be a bullish pennant. A breakout could be phenomenal for the community-backed token.
Over 200,000 members of the SHIB community and other traders have petitioned for Robinhood to list SHIB. Finally, it looks like the trading Behemoth has listened. While still an anticipation, it still shows how strong the SHIB community is. Most blue-chip projects in the space lack such a strong community and mostly negatively affects their token price.
More and more traders are expecting that SHIB will hit the $0.10 level. Currently, a $100 investment in SHIB will get you a little over 3 million SHIB. At $0.10, your $100 would be $300k.
SHIB is on Coinbase and on Binance, the two largest crypto exchanges in the world. SHIB has done much to live up to its nickname the “Dogecoin killer”.
Credit: Source link