Shiba Inu has finally been listed on Robinhood for trading after six months of persistent lobbying by faithful followers and members of the Shiba Inu community.
Shiba Inu has been forming a much-anticipated wedge formation for the bullish run since mid-January. Although the currency was trading below the two contracting trendlines, it signalled an upside break once the price closed above the upper trendline of the structure. Speculations of Robinhood listing SHIB tokens as early as February sparked this optimistic movement. But, after six months of agitation by its members, Robinhood has finally included the Shiba Inu cryptocurrency in its trading platform. As a result, Shiba INU Coin Price is skyrocketing.
“We’re excited to add more choices for our customers,” said Steve Quirk, chief brokerage officer at Robinhood in a statement. “We have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”
The announcement of the new services comes just days after Robinhood made its crypto wallet available to 2 million waitlisted consumers, letting them deal with cryptocurrencies more directly. Members can use the wallet to buy NFTs and send crypto to other crypto traders with no fees, but it cannot hold NFTs and is limited to Robinhood’s cryptos. Users can now purchase and trade Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin on the site, in addition to the new features announced today.
Shiba Inu Coin aims to be an Ethereum-based version of Dogecoin’s Crypt mining mechanism. SHIB Coin is one of the most popular cryptocurrencies in the world, with trading volumes comparable to Ethereum. Shiba Inu token was a monster performer last year, returning a mind-boggling 47,300 per cent and providing life-changing wealth to a select few.
Shiba Inu is an Ethereum ERC-20 token that allows developers to create the ShibaSwap DEX and integrate other tokens and NFTs into the platform’s ecosystem. Shiba’s maximum quantity was set at 1 quadrillion tokens, far above the supply of most cryptocurrencies. Shiba’s price is substantially lower than most assets with similar market capitalizations due to its large token size.
You can earn Shiba Inu coins by signing up on BuyUcoin, referring your friends, becoming an affiliate, trading SHIB Coins, and participating in trading tournaments and crypto festivals.
On Apr 13 2022, the price of SHIB in India is ₹ 0.002101 with a 24-hour trading volume of ₹3,87,66,45,20,554 INR. In the last 24 hours, the price of Shiba Inu has increased by 35.31%. As of now 54,91,46,98,73,15,505.4 SHIB coins are in circulation.
The meme coin sank by more than 60% from its all-time high in October of last year after the Shiba Inu cryptocurrency soared in value in 2021. Despite this, analysts predict that the currency will be bullish in 2022, maybe surpassing its previous high.
Despite market ups and downs and epidemic setbacks, SHIB has only taken a steady rising trajectory, presenting pleasant if not encouraging patterns until it ultimately settled at 0.002511 by the end of 2021. SHIB has been on a similar upward trajectory, reaching numerous all-time highs and repeatedly breaking its own barrier, and is expected to generate good gains in 2022.
Based on historical data, DigitalCoin predicted that the price of Shiba Inu would climb more slowly, with a goal price of US$0.000033 in 2022 and US$0.000053 in 2025, with an average price of US$0.000126 in 2030.
It’s vital to remember that cryptocurrency markets are still incredibly unpredictable, making it difficult to anticipate a coin’s price in a few hours and even more difficult to make long-term predictions. As a result, analysts and algorithm-based forecasters may mispredict SHIB prices.
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