Cryptheory

24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

Shiba Inu on Robinhood? More than 250,000 people have already signed the petition

2 min read

 

The topic of recent days is clearly the cryptocurrency of Shiba Inu, whose popularity is growing every day and the community around this coin is constantly growing and reaching record values. A petition is currently underway to add the Shiba cryptocurrency to the Robinhood platform, with 265,000 people already signing it.

Great community effort

The signatories of the “Dogecoin killer” petition on Change.org have called for the Robinhood trading platform to include the popular cryptocurrency Shiba Inu in its trading portfolio.

“Let’s convince Robinhood to be the first traditional brokerage company to board a train with cryptocurrencies.”

The petition states that the addition of Dogecoin (DOGE) was a great success for the trading platform and its investors. Dogecoin was responsible for a huge 62% of revenues from crypto transactions in the second quarter.

The petitioners say all indications are that Robinhood will eventually support Shiba Inu’s business. The petition, which received more than 265,000 signatures and is on track to reach the 300,000 mark, reflects the large retail base of Shiba Inu fans, which can also be seen on social networking platforms such as Twitter, Facebook and Instagram. On Twitter, even the profile of this token recently reached 1 million followers.

The latest Shiba NFT collection, which included 10,000 NFTs known as Shiboshi, sold out in as little as 35 minutes due to huge interest.

A win for both sides

Given the popularity of DOGE and the huge returns that this meme cryptocurrency has provided, from an economic point of view, adding Shiba Inu to Robinhood would be a clear win for this platform. Also, given Shiba’s current popularity and the fact that Coinbase Pro has already added Shiba Inu, it can play a positive role in decision-making.

The Robinhood trading platform currently has over 22.5 million active users who would suddenly have the opportunity to invest in the Shiba cryptocurrency. This would undoubtedly increase the token price and the fan base even more. From an economic point of view, that would be a win for both parties. We’ll see if we can see it. According to various insiders, this addition is only a matter of time, because only the last details are being fine-tuned. We will soon find out if this statement is true.

What is Avalanche?

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published.