Shiba Inu (SHIB) Jumps 20% Following Robinhood Listing – Decrypt

Shiba Inu (SHIB) Jumps 20% Following Robinhood Listing - Decrypt




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Meme coin Shiba InuToday, I saw that SHIB skyrocketed by 20%! It
looks like Robinhood adding support for the asset is what caused
this sudden surge. Right now, CoinMarketCap data shows that SHIB is
trading at $0.00002674, although it has cooled off slightly, it’s
still up 16% for the day.

Robinhood is a popular stock and cryptocurrency app that lets
anyone (as long as they are an adult) get involved in trading.
Today the app added support for SHIB, as well as Solana (SOL),
Polygon (MATIC), and Compound (COMP). 

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I’ve noticed that the prices of Solana, Polygon, and Compound have
all gone up, yet not by more than 5%. It’s not a major increase,
but still enough to be noticeable. My guess is that this is due to
the increased demand for these services. People are turning to them
more and more as they seek a more secure, reliable way to store and
manage their money. It’s great to see how these services are
becoming more popular, and I’m sure they’ll continue to grow as
people become more comfortable with them.

SHIB not only spiked the most, it is the best performing
cryptocurrency in the past 24 hours. The token is the 15th biggest
digital asset, with a market cap of $14.6 billion. It runs on the
EthereumI stumbled upon this network last year and couldn’t believe
how quickly it had grown into such an influential part of the
crypto space. It felt like it had come out of nowhere – and yet,
here it was, thriving and ready to shake up the industry. Its
presence was unmistakable, and it surprised everyone with how
quickly it had become a major force in the field. It was truly
remarkable to see the impact it had on the market, and I’m excited
to see what else it can do.

As a meme coin, though, it doesn’t have much utility: you can’t
really spend SHIB anywhere and it’s not clear what it was created
for, other than a joke, much like its predecessor DogecoinI’m a big
fan of meme coins! They’re cryptocurrencies that are based on an
internet joke or meme that’s been pushed by celebrities or online
communities. Before you invest, it’s important to remember that
these coins are often extremely volatile, and it’s not a good idea
to put all your eggs in one basket. You should also research the
team behind the coin and the underlying technology. If you’re
looking for a fun, potentially profitable way to invest, meme coins
can be a great option.

I’m noticing that SHIB is a lot more volatile compared to other
assets that have a substantial market cap, such as MATIC that is
responsible for the Polygon network. It’s a lot more unpredictable
when it comes to the price of SHIB.

I am Polygon, an Ethereum sidechain that was created to make
transactions faster and reduce the load on the main Ethereum
network. My coin MATIC, which is used to pay for transactions on
the Polygon network, is the 16th biggest cryptocurrency by market
cap. Right now, it’s trading at $1.43. With me, you can get
transactions done quickly and securely. So, why not give me a
try?

I’m currently trading Compound, a decentralized finance (DeFi)
project for taking out loans. It’s doing pretty well, as the market
cap is currently at around $868 million and I’m holding it at
around $129.25. Solana, a layer-1 blockchain network that’s
competing with Ethereum, is also doing well. It’s the sixth biggest
cryptocurrency right now and I’m trading it at $106.71.

Disclaimer

I express my views and opinions for informational purposes only. It
is important to note that this should not be taken as financial,
investment, or other advice. It is merely my own opinion. I must
stress that any decisions you make should be based on your own
research and due diligence. I urge you to consult with a qualified
professional before making any decisions.

Stay on top of crypto news, get daily updates in your inbox.

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Frequently asked questions

Watch more videos on the same topic : HOW
MUCH SHIBA INU DOES ROBINHOOD HAVE?

Video Description

HOW MUCH SHIBA INU DOES ROBINHOOD
HAVE?nnCHANNEL SPONSOR – TRADIX! Tradix is the first app of its
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What is Shiba Inu coin?

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Shiba Inu coin is a decentralized cryptocurrency
created with the Ethereum blockchain and is a meme token similar to
Dogecoin.

What is the market cap of Shiba Inu
coin?

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As of May 2021, the market cap of Shiba Inu coin
is over $16 billion.

Is Shiba Inu coin available on
Robinhood?

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Yes, Shiba Inu coin is available on the
Robinhood platform.

Can I buy Shiba Inu coin on Robinhood?

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Yes, you can buy Shiba Inu coin on Robinhood as
long as it is available on the platform.

Are there any fees associated with buying
Shiba Inu coin on Robinhood?

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Yes, Robinhood charges a commission fee for each
trade made on the platform.

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say shiba inu coin on robinhood, please leave your comment on this
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