- SHIB has reached its new all-time-high (ATH) at $0.0000594.
- A petition on Change.org requesting Robinhood to list Shiba Inu (SHIB).
- Meme tokens contributed significantly to Robinhood’s crypto revenue
A decentralized cryptocurrency Shiba Inu (SHIB) price skyrockets to a record high due to a high possibility of Robinhood adding support for the mem token. In the last 24-hour SHIB has surged over 28% to $0.00005732, as per CoinMarketCap. And today SHIB has reached its new all-time-high (ATH) at $0.0000594. Eventually, the crypto market cap is now $28.3 billion.
Accordingly, a petition on Change.org requesting Robinhood to list Shiba Inu (SHIB) to trade. The petition now reached 334,620 signatures. On Tuesday, during Robinhood’s third-quarter update, Robinhood CEO, Vlad Tenev was mentioned to be optimistic about adding new cryptocurrencies, saying that they will be carefully considered and monitored.
More so, Vlad Tenev noted,
“We feel very very good about the coins that we’re currently listing on our platform and any new coins that we add we want to feel equal, if not better”.
Furthermore, traditional brokerage and apps, which includes Robinhood, have been seriously considering adding the crypto trading facility to their platform as it becomes critical to their growth. Past month, a commission-free Stock Trading & Investing app, Robinhood also announced that it is considering adding crypto wallets making it easier for its users to send and receive crypto assets.
Also, meme cryptocurrencies in the crypto market have contributed significantly to Robinhood’s crypto revenue. Dogecoin has contributed 64% of the app’s crypto revenue.
Moreover, Co-founder and CEO of electric car maker Tesla, Elon Musk responded to the tweet posted earlier this week, saying that he doesn’t own any SHIB crypto in his portfolio. Musk’s comments introduced some volatility in the SHIB price on Monday.
