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Shiba Inu back in front of Dogecoin: Instagram posting fires hope for Robinhood listing

SHIB fans want Shiba-Inu listing on Robinhood. (Image: OpturaDesign / Shutterstock)

Critics: inside saw themselves confirmed. Crypto newcomers: those who had hoped for big profits from an investment must have trembled. After the Kraken crypto exchange had not listed the self-proclaimed Dogecoin killer Shiba Inu (SHIB) as announced, the price of the meme token crashed. It went down from $ 0.000075 on Monday to $ 0.000043 by Thursday night. This was followed by a social media survey by the Robinhood platform, which is popular with young traders – and ensured a price comeback.

Shiba Inu rate explodes by over 20 percent

Within the past 24 hours, the Shiba-Inu rate shot up by over 20 percent to $ 0.000062 (as of : Friday evening) to the top. At least in the meantime, SHIB won the race for meme tokens. With a market capitalization of $ 34.3 billion, Shiba Inu was ahead of Dogecoin at $ 34.3 billion. The two cryptocurrencies are currently racing for ninth position in the ranking. Polkadot (DOT) in eighth place seems to have risen after a price rally with around 50 billion dollars in market capitalization.

But what triggered the renewed explosion of the SHIB course? According to observers, an Instagram post by the trading app Robinhood is also responsible for this. There was one of the three possible answers to the question: “A crypto currency is only as strong as …”, in addition to “your community” and “Elon Musk wants it”, also “the # in SHIB comments”. The supporters read a note in it that Robinhood, which is already listing Dogecoin, could soon also accept Shiba Inu.

SHIB fans request listing at Robinhood

The SHIB fans, who also like to call themselves SHIB Army, would be happy about that. Around 498,500 people (as of Friday evening) have already signed a petition on Change.org calling for a Robinhood listing for Shiba Inu. To classify: According to Change.org, the petition with half a million signatures becomes “one of the most drawn petitions on Change.org”.

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Sallie Anderson
Sallie works as the Writer at World Weekly News. She likes to write about the latest trends going on in our world and share it with our readers.

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