A few days ago, the value of Shiba Inu (SHIB) momentarily skyrocketed following rumors that the Robinhood platform was going to include this crypto. This time around there is evidence that Robinhood might well consider listing the SHIB token in the future, sparking the price to near its all-time high (ATH).
BREAKING: Shiba Inu Coin $ SHIB is now up over 21% after Elon Musks tweet. pic.twitter.com/VlB8B2fuWh
– Mr. Whale (@CryptoWhale) October 17, 2021
SHIB rises more than 20% in 24 hours
Today it became known that Robinhood has a survey of some cryptocurrency customers about their cryptocurrency purchases during the last three months.
The Shiba Inu token has been listed as an answer, although it is not yet supported for trading on the platform. For the SHIB community, this is a clear indication that Robinhood is conducting market research to understand which cryptocurrencies customers are interested in and consider listing them on the platform.
LATEST NEWS: Robinhood is sending this survey by email to select users for its platform.
They include #SHIB as one of the responses to select from!
Clearly doing market research on what your consumers want. pic.twitter.com/ovBNV2p0Wl
– Shiba Inu News (@ShibalnuNews) October 22, 2021
In the midst of this development, the price of Shiba Inu soared more than 20% as many investors rushed to accumulate more tokens. Trading volume grew from $ 1.22 billion to more than $ 3 billion in two hours. SHIB is currently down slightly to $ 0.00003238, which is a 16% deviation from the all-time high of $ 0.0000388 reached in May, according to Coingecko data.
The Shiba Inu market is expanding
Meanwhile, Dogecoin is still in free fall by 65% from its May 8 peak.
Data from CoinMarketCap shows that Shiba Inu has become the most traded cryptocurrency on Coinbase. It should be noted that Shiba Inu posted a daily trading volume of $ 1.078 billion on the largest US exchange, which is more than Ether, Bitcoin, and Solana combined.
With a market capitalization of $ 15.4 billion, Shiba Inu is currently the thirteenth largest cryptocurrency. It is getting closer and closer to Dogecoin, which remains in ninth place with a market capitalization of $ 32.7 billion.
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