Shiba Inu has faced a great deal of criticism from crypto experts since its inception. The popular meme currency has come out strong after every blow.
In the latest news, Shiba Inu got finally listed on Robinhood for trading, paving the way for the moon, as investors predicted.
Robinhood has also listed four more cryptocurrencies other than Shiba Inu – including Polygon, Solana, and Compound.
Nonetheless, SHIB experienced the biggest growth. Shiba Inu’s price increased by 35% just 24-hours after Robinhood’s listing. A petition demanding to list SHIB on Robinhood gained over 550,000 signatures, last year.
Impact On SHIB’s Price After Robinhood Listing
Following the announcement, the price of Shiba Inu soared by 36.88% in just two hours, however quickly fell back amounting to the overall growth of 15.8%, contrary to other crypto assets that got listed on Robinhood.
Meanwhile, experts forecast a further rise in the price of the meme currency in the next few days. However, considering the bearish move of the crypto market, the moves in Shib price could be for a brief period.
Will Dogecoin Killer Continue Its 2021 Massive Growth?
The Dogecoin killer experienced a historic growth of 121,000,000% in 2021. It started the year at US$0.000000000073, achieving an ATH of US$0.00008841 in October.
There were various aspects involved in the rise of Shiba Inu last year. The meme coin listing on various exchanges was one such factor. Meanwhile, the launch of a decentralized exchange, ShibSwap, introduced staking and improved liquidity. On the other hand, its price went wild when it integrated into Coinbase Global.
Can Shiba Inu Millionaires Make It in The List Of Top Wealthiest People
As per recent reports, a crypto investor in October 2020 purchased around 200 billion Shiba tokens for just US$17. Cut to the present, they are now worth millions of dollars. Similar cases of SHIB early investors have emerged who have profited from the price rise. The investors whose investments are multiplied by huge numbers are called Shiba Inu millionaires.
But there are doubts whether these investors who gained in big amounts can make it to the top wealthiest people list.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.