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Thursday, January 13, 2022

Shiba Inu Surges 16% After Rumors of Robinhood Listing

Shiba inu (SHIB) jumped 16 PF on weekday, leading the gains among major cryptocurrencies, amid rumors of an inventory on Robinhood.

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Shiba inu costs reached as high as $0.00003 throughout early Asian hours on weekday before a cut-rate sale. Shiba inu is that the thirteenth-largest cryptocurrency with a capitalisation of $17 billion.


Price-charts recommend the move followed a bounce from resistance-turned-support levels of $0.000027. However, the tokens remains in an exceedingly broader downtrend, as costs have born sixty two since reaching uncomparable highs of $0.00008 in October 2021.


Shiba inu costs surged once rumours of a Robinhood listing did the rounds on social media. (TradingView)


The price bump came shortly once rumors of an inventory on Robinhood did the rounds on Twitter.


“Shiba Inu Robinhood listing aforementioned to come back as early as February,” a tweet by news handle ZeroHedge browse. Robinhood failed to come back requests for comment.


Robinhood business executive Vlad Tenev antecedently denied plans for listing shiba inu on the influential stock mercantilism application in October 2021. “It goes back to safety 1st, right. therefore we’re not typically aiming to be the primary to feature any new quality. we wish to create certain that it goes through a demanding set of criteria,” he aforementioned in AN interview with CNBC.


Additionally, shiba inu was listed on Bitso, one amongst Mexico’s largest crypto exchanges by mercantilism volumes. However, the announcement did very little to have an effect on costs, mercantilism information shows.

 

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