There’s been a lot of rhetoric being passed around on Reddit that is speculating that the popular trading app Robinhood is on the verge of listing Shiba Inu.
The rumors have fueled a massive increase in Shiba resulting in the cryptocurrency doubling over recent days and many holders experiencing massive gains.
So is Robinhood really listing Shiba Inu on their platform? Well first let’s look at some facts.
Currently Robinhood only has Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic and Litecoin listed on their platform but if Robinhood wants more users to signup for their new crypto wallets then adding Shiba Inu wouldn’t be a bad idea.
Another interesting fact that could mean Robinhood is on the verge of listing Shiba Inu is just a few days before Shiba saw a major spike, 6.3 trillion coins were purchased by a mysterious whale and just a few days later the whale bought even more.
Shib has proved itself in many ways and even has its on swap (Shibaswap) unlike Doge so if Robinhood would list Shiba it would be a win win situation for both Shiba Inu Holders and for Robinhood themselves.
SHIBA INU WILL LIST IN ROBINHOOD SOON pic.twitter.com/FZIX3es96E
— SHIBA FOR LIFE (@STANLEYSHIBA) October 9, 2021
I just got off the phone with Robinhood! I explained reasons why they need to list Shiba inu! I highly recommend other Shiba inu army members to do the same if we do the employees will talk about it more at work and we will get listed! #shibarmy #ROBINHOODLISTSHIB #RobinhoodApp
— Shiba Inu Army (@A1diamondz) October 8, 2021
Gadgets 360 had more on the story:
Over the past few days, the price Shiba Inu coin (SHIB) has risen dramatically – at one point becoming the 13th most-valued cryptocurrency by market capitalisation. Its value has more than tripled in the past week and billionaire tycoon Elon Musk is being credited for the rise. Given the rapid surge, the demand for its addition to major cryptocurrency platforms is growing. A petition circulated on Change.org, urging Robinhood cryptocurrency trading app to add the virtual coin, last night surpassed 200,000 endorsements. The demand spiked after the app added Shiba Inu coin‘s primary rival Dogecoin on its platform.
“This petition is designed to kindly request of Robinhood to please list Shiba Inu coin to trade, reads the petition.
The petition said Dogecoin’s addition to Robinhood has been a success and Shiba Inu is a “similar meme coin with genuine potential” and it has been gaining new ground by the day. It said Shiba was recently listed on Binance and has performed well for its customers. “Let’s encourage Robinhood to be the first traditional brokerage to get on this train! Thank you,” it added.
#SHIB is just getting started, big investors are starting to buy Shiba Inu Coin, it will really kill 2 zeros this week, still waiting for Elon Musk and Robinhood add.
It Could Be a Win-Win 🚀🌙 pic.twitter.com/BWYj8cj5bs
— The Meme Coin Father (@jlg2749) October 7, 2021
Before Robinhood listed Dogecoin on their platform they purchased a large amount of coins quietly too.
So with that in mind Shib holders have a lot to be hopeful for.
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