Shiba Inu Up 24% Amid Expectations of Robinhood's Listing

Shiba Inu price has renewed its all-time high and has risen in price by 24% due to clamor to list the coin on the Robinhood platform.

The Shiba Inu community is pushing for Robinhood Markets to add SHIB to the list of cryptocurrencies available on the platform. This activity is fueling speculative interest in the coin, which has risen in price by almost 30% over the past 24 hours and reached a new price record.

Shiba Inu price Up

 Shiba Inu chart. Source: CoinMarketCap

Key facts

  • According to the resource CoinMarketCap, SHIB is ranked 11th in the ranking of cryptocurrencies with a market capitalization of $ 26 billion.
  • The new price high was fixed at $0.000053. At the time of writing, the coin is trading at $0.000052 amid strong bullish momentum.
  • SHIB has risen in price by 29%, over the week - by 88%. Over the month, the rate has grown by 653%, showing one of the best results on the crypto market.
  • The average daily volume of token trading exceeded $14 billion. Over the past 24 hours, it has grown by 100%. Shiba Inu is in fourth place in terms of trading volume, behind only Ethereum, USDT, and Bitcoin.

Petition in support of Shiba Inu listing on Robinhood gains over 300k signatures

The hype around a possible listing on Robinhood is gaining momentum. A petition calling for this coin to be added to the list of crypto-tools available on the platform has already collected over 326,000 signatures.

Robinhood CEO Vlad Tenev confirmed that the company is carefully studying the possibility of listing new coins.

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We are very happy with the tokens that are now on the platform and all new coins should satisfy us as much, if not more,” he said in a speech following the release of the company's Q3 earnings reports.

Despite the fact that Tenev did not mention Shiba Inu directly, it was enough for the fans of the project to initiate a new wave of speculative buying. Earlier it became known that Robinhood reported a drop in trading volume in the third quarter.

Shiba Inu remains an extremely volatile coin. Last week, the token fell by 26% in a matter of hours, because Elon Musk said he did not invest in SHIB. The head of Tesla tweeted that he only has Bitcoin Ether and  Dogecoin, which disappointed Shiba Inu fans.

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