- Shib’s IPO on Robinhood is slated to take place next week.
- The Shiba Inu whale purchased 16,528,196,899.9738 SHIB tokens.
Shiba is now the most popular meme currency among traders. The coin has grown at a quick pace, eclipsing competitors and important players in the process. Shiba Inu has once again outperformed Dogecoin in terms of market capitalization. Digital money is gaining acceptance among financial institutions at an alarming rate. The weekend, on the other hand, is critical for the future of SHIB.
Owners of SHIBs now have even more reasons to be happy. Adam Aron, the CEO of AMC Entertainment, conducted yet another study. So, should the firm consider Shiba Inu as a cryptocurrency in addition to Bitcoin, Ethereum, Litecoin, and Dogecoin? SHIB received 79.8 percent of the votes cast in the election.
Robinhood Listing
In addition, Shiba Inu is now accepted as payment at a Parisian eatery. Shib’s IPO on Robinhood is slated to take place next week. SHIB is now the third most searched cryptocurrency on Google in 2021, behind only BTC and ETH.
According to CoinMarketCap, the meme currency was trading at $0.00007247 at the time of writing, representing a 7.2 percent increase in value with a market capitalization of $39.861.549.365. The total volume of trade for the day was $9,859,081,557. Shib is still on the short side. Currently, volumes are low.
Weekends is critical for the meme coin’s growth. It must maintain a level of support over $0.00006. Depending on the market, a dip from there might bring it down to $0.00004-$000037. Recovery seems to be difficult in the short term. Furthermore, it might take 6-8 months to reach its peak.
The Doge-killer is taking part in the short-lived marathon this year. However, the coin has repeatedly shown them to be incorrect. According to reports, the Shiba Inu whale purchased 16,528,196,899.9738 SHIB tokens. A gloomy indication of a greater leap to come is expected.
