As NFL player Brandon King purchases millions of SHIB tokens, Shiba Inu prices are pumping: shiba Inu coin news

pic credit: mosttraded

Shiba Inu is returning with profit stability after some price correction and selloff. Shiba Inu is poised to reach new heights, thanks to the exponential expansion of Shiba Inu owners. We've recently received a slew of price-increasing updates. 817.4 million Shib Tokens were purchased by an NFL player. Will the Shiba Inu coin's price recover in the fourth quarter of 2021?

What are the biggest supportive drivers for Shiba Inu Coin and other crypto assets in this quarter? And, most importantly, what does Robinhood have planned for Shiba Inu Coin and other crypto assets in quarter four? These concerns will be addressed today. 

We'll also look at whether now is a good time to buy Shiba Inu coins. Everyone is hoping to make a profit in the fourth quarter of this year. Many of us made enough money from Shiba Inu in October and the second quarter of 2021, primarily in the month of August. 

Despite this, many shib holders are keeping millions of tokens in the hopes that Shiba Inu will reduce its price by a few zeroes and provide good profits. If you own Shiba Inu or plan to buy them, If that's the case, then you'll enjoy this post. 

Let's have a look at some of the main upcoming Shiba Inu events and supportive catalysts that are set to debut in the coming quarters and have the potential to increase Shiba Inu's price. 

The Robinhood competitor now supports Shiba Inu, which is a major upcoming catalyst. The Shiba Inu cryptocurrency was formally listed last Friday by TastyWorks, the brokerage arm of Chicago-based fintech company Tastytrade.

Shib tokens can now be traded alongside Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. While Robinhood is not in a hurry to launch the canine coin, its competitors are actively adding Shiba Inu support. 

The meme coin first emerged on Public.com in late October, and Canada's top online trading platform adopted the hottest cryptocurrency last week. Further, The most essential point is that Brandon King addressed Shiba Inu last week in his Twitter thread. The NFL athlete said that he has decided to raise his SHIB reserves.

pic credit: twitter.com|brandon king

Aside from that, King's Twitter stream does not contain many tweets on Shiba Inu or any other cryptocurrency. FunnyMike, a rapper, YouTube and Vine Youtube star, and comedian from the United States, had previously tweeted that he had purchased 817.4 million Shib for $60,000. 

Not only that, but Shiba Inu has recently become increasingly popular. Shiba Inu, the popular meme coin, recently overtook Ethereum in terms of Twitter followers, with 1.8 million people following its official account. SHIB, on the other hand, is far from being the most popular cryptocurrency on Twitter.

2.4 million people follow the official account of Dogecoin's canine rival. Furthermore, we learned that Robinhood is quietly testing cryptocurrency wallets. Bloomberg recently broke the story. Robinhood Markets Inc. is testing new crypto wallets and cryptocurrency transfer services for its app, according to their release. 

Customers would be able to transfer and receive digital currencies such as Bitcoin, Etherium, and Shiba Inu Coin as a result of this. This is the moment that every Shiba Inu fan has been waiting for. However, the issue remains as to when this will occur. Although this has not yet been made official, beta app glimpses have already been spotted.

Many analysts and Bloomberg reporters believe that this will occur in the fourth quarter of this year. However, if this occurs, no one will be able to prevent Shiba Inu prices from rising. Consumers can utilize virtual currencies or crypto coins without needing to convert them to dollars using such crypto wallets. 

They also give clients a single location to store all of their virtual currencies, which is safeguarded by a private key, which is especially crucial for new users. But why is everyone so enthusiastic about Shiba Inus?

The next major story is that whale owners are making tremendous large purchases of Shib valued millions of dollars. Whalestat and etherscan transaction reports corroborate this. This sounds like something huge is on the way, and we all know it'll be Robinhood. 

NFT game and enormous Coin Burn are the most crucial catalysts, as confirmed and revealed by main creator Shytoshi Kusama. Shytoshi disclosed in a recent Shiba Inu Official Medium update that CoinBurn is confirmed and that every Shib holder can support it with the issuance of 10,000 NFT Shiboshis. "I am delighted to reveal the name for our 10,000 NFTs: Shiboshis!" he said on Medium.

Shiboshis are 10,000 adorable, randomly created NFTs that can only be obtained through ShibaSwap. As I previously stated, each product we issue is tied to the Shib Token Trifecta in some way, and Shiboshis will be limited to LEASH holders for the first 24 hours. 

Furthermore, as NFTs are purchased, each buyer has the option of changing the NFT's name by burning Shib. We see one of many burn mechanisms in the near future for Shib through this burning process." This Shib token burn will reduce the token supply, causing the price to rise. As a result, holders should expect a price increase.

This is only the beginning of the burning process. More such burning procedures are being developed by developers, which will aid Shiba Inu's exponential growth. The next big question is whether Robinhood will actually list Shiba Inu. 

When do we expect them to be able to complete it?

Many crypto influencers and big Shibarmy members believe that Robinhood will undoubtedly list Shiba Inu and that the potential of Shiba Inu cannot be overlooked. Dogecoin is already on Robinhood, but Shiba Inu has shown it's worth numerous times. As a result, it's highly possible that Robinhood will add Shiba Inu to its platform in the near future.

The Robinhood listing will undoubtedly propel Shib to the moon, and Shiba Inu will flip dogecoin during this run. So, should I keep the tokens or sell them? This is a question that is on everyone's mind because we are all profiting. 

However, we all know that the Shibarium, New Family Tokens, NFT based game with multiplayer possibilities, similar to Axie Infinity, will be revealed by the Shiba Inu developer team. Automatic burning systems and a listing on Robinhood are two more catalysts.

As a result, we believe the price will continue to rise in the fourth quarter. If you plan to sell, you can still make a lot of money. However, big price-boosting triggers are expected in the coming days or weeks. So hold on to your hat.

Disclaimer: This article is not intended to persuade you to buy any of the cryptocurrencies or to invest in any way. This is merely an amateur's opinion, not that of a financial advisor. We recommend speaking with your financial advisor and conducting your own research before investing in cryptocurrency.

Sources: u.today , investorplace.com