Robinhood has officially listed Shiba Inu Coin on its crypto trading platform.
The SHIB army has been waiting for Robinhood to list Shiba Inu Coin for months now.
Shiba Inu Coin was one of four new cryptocurrencies Robinhood listed on its platform Tuesday.
SHIB, Solana, Polygon, and COMP joined the meme stock halter’s platform on Tuesday.
What does this mean for Shiba Inu Coin moving forward?
Let’s break it down together.
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SHIB rises on Robinhood listing
SHIB rose nearly 7% when it became available on Robinhood’s crypto trading platform.
Shiba Inu Coin is the second ‘meme’ coin to be listed on Robinhood, Dogecoin being the first.
COMP jumped 6.6%, MATIC 3.5%, and SOL 2%.
SHIB became popular when the cryptocurrency skyrocketed back in late October of 2021.
The cryptocurrency is up more than +20,000% for those who bought SHIB exactly one year from today.
Shiba Inu Coin ate a zero on its second biggest climb last year and never looked back.
The SHIB army anticipates Shiba Inu Coin will eat another zero or two this year.
Now that you can trade Shiba Inu Coin on Robinhood, cryptocurrency investors speculate more traders will buy SHIB on the platform.
What caused SHIB to run last year and will it run again?
Big buying pressure and a lot of momentum.
Unlike the stock market, the crypto market runs actually caters more to a supply and demand market.
Now that SHIB has become mainstream in a sense, more traders are going to begin to discover it.
While SHIB doesn’t have any real-world value, the developers are working on multiple projects for the community.
Will SHIB run again this year?
There’s no doubt Shiba Inu Coin will continue to eat zeros as retail piles in before the ‘meme’ token reaches $0.01.
SHIB is currently trading at $0.000027 and is up 9.98% on the weekly chart.
Can SHIB reach $1 per token?
In order for SHIB to reach $1 per token its market cap would need to be in the trillions.
Having this come to fruition would be quite difficult.
However, because this cryptocurrency is still relatively new, investors have a chance at becoming profitable in the long-term as the market cap increases and new traders buy in.
Many of my readers were able to profit from the run back in October when I sent out a newsletter advising the token was looking very bullish.
If you’re on my Patreon, you saw I purchased the cryptocurrency a few days before it skyrocketed.
SHIB has been consolidating extremely well in the 20s which mean it’s found a new foundation.
If you missed the first and second run, this could prove to be a great entry point.
We’ve also seen that SHIB’s typical holding time has drastically increased to 112 days meaning investors are holding this cryptocurrency.
And it’s not difficult to see why.
The room for growth is massive.
Are you holding more than 1 million SHIB?
If you’re holding more than 1 million SHIB leave a comment below.
What is your personal Shiba Inu Coin price target and where would $0.01 put you at?
If you’re not a fan of Robinhood but would like to purchase SHIB, I recommend buying the token on Coinbase.
How long have you been holding SHIB?
Let’s start a discussion below.