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| pic credit: GameRevolution |
Shiba Inu has plummeted more than half of its all-time high price following a severe price adjustment. Shiba Inu, however, has now received two listing confirmations on two major cryptocurrency exchanges, after this consolidation.
Shiba Inu Today's price has risen as a result of these listings. We all know a significant Shiba Inu price increase is on the way... Yes, we're discussing the Robinhood listing. Every Shiba Inu owner is eagerly anticipating the announcement of the Shiba Inu's listing on Robinhood.
With this listing, how much price pump may be expected? And, most importantly, what did Robinhood's CEO have to say about the Shiba Inu Coin's listing? These concerns will be addressed today. We'll also look at whether now is a good time to buy Shiba Inu currency.
So what are the major listing that happened recently?
The Shiba Inu cryptocurrency has been introduced to Gemini, a renowned cryptocurrency exchange founded by Cameron and Tyler Winklevoss in 2015. Aside from the world's second-largest meme coin, the New York-based trading platform includes a bevvy of tokens from the decentralized finance ecosystem on its platform.
In May, the Winklevii-owned exchange, which is recognized for its regulatory compliance, adopted Dogecoin, making it one of the most recent large exchanges to join the canine craze.
Furthermore, CoinDCX, a leading cryptocurrency exchange in India, recently announced that Shiba Inu will be listed on their retail-oriented CoinDCX app.
This puts a lot of pressure on Robinhood to list the most traded cryptocurrency of all time on their platform. Is Robinhood, on the other hand, willing to offer Shiba Inus to its platform? Earlier this week,
According to U.Today, during an interview with CNBC's Jim Cramer earlier this week, Robinhood CEO Vladimir Tenev awkwardly avoided a question about whether the company has such a listing in the works. He didn't agree or reject the statement that Shiba Inu would be included on Robinhood's platform.
According to experts, Robinhood is planning to list Shiba Inu, but they want to emphasize the importance of their own announcements rather than rumors.
When COO Christine has asked the same topic a few days ago, she provided a mixed response. She agreed that the company is taking its time with the listing of Shiba Inu, the 11th-largest cryptocurrency by market capitalization and the hottest asset after Dogecoin, which catapulted Robinhood into the crypto spotlight.
Robinhood does not want to compromise on safety, according to COO Christine. They will not add Shiba Inu Coin to their platform until it has been thoroughly tested for safety and stability. "We want to make sure that we're working on reviewing everything from a regulatory viewpoint really properly," Brown said, reiterating that Robinhood is a "safety-first firm."
In addition, Robinhood hinted at considering introducing Shiba Inu to their platform by broadcasting a survey that included the term Shiba Inu as an option. According to this Robinhood study, consumers were asked if they had purchased any of the cryptos on the list in the previous three months. Cardano, XRP, meme cryptocurrencies like Doge, and, of course, Shiba Inu are all on this list.
According to crypto lovers, Robinhood is striving to make the listing bug-free and to prepare servers to manage high transaction volume. Robinhood is worried about increasing security and stability.
These are the most important reasons. The process of listing is taking longer than expected. Even yet, we could hear confirmation from Robinhood at any point during the fourth quarter. But, why is this listing so crucial for Shiba Inu owners? How big of a price increase can be predicted as a result of this listing?
Cryptocurrency prices, as we all know, are determined by supply and demand. If demand rises as a result of this significant listing, the coin's price will rise as well. Also, when dogecoin was featured on Robinhood, it accounted for 34% of the crypto revenue generated by Robinhood, assisting doge to reach an all-time high for the year.
Within 24 hours, the price of Dogecoin had risen by over 800 percent. Shiba Inu has more potential than dogecoin, and we believe that if Robinhood lists Shiba Inu now, Shiba Inu will chop a few zeroes out of the price and provide a large return.
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Everyone is curious as to what made the Shiba Inu so popular. This enthusiasm is so strong that Coin Bureau, a crypto enthusiast, couldn't help but mention it. He's been enthusiastic about the Shiba Inu project for a while now, as seen by a tweet he sent out earlier this month. Shib is on the verge of breaking into the top ten. I honestly have no idea what's driving the rally and at this point, and I'm too afraid to ask...
But why are so many people waiting for Shiba Inus to appear on Robinhood? Why is this so crucial for Shiba Inu?
Shiba Inu Coin's listing on one of the largest crypto exchanges, such as Robinhood, will offer the coin huge exposure and encourage more investors to buy it. Cryptocurrency prices, as we all know, are determined by supply and demand. If demand increases, the price of the coin will rise as well.
As a result, we believe the price will continue to rise in the fourth quarter. If you intend to sell, you are still in the green zone. These key price-boosting triggers, on the other hand, are expected to emerge in the coming days or weeks.
In 2021, what might a shib holder expect? Will the price increase or decrease?
Let's keep going and look at Shiba Inu's pricing predictions for the fourth quarter of 2021. Shiba Inu has started to grow now that the consolidation phase is complete. Almost all crypto professionals and analysts are positive about Shiba Inu, and it's not only due to social media excitement.
However, due to the planned Robinhood listing as well as development projects like the NFT game, play to earn, own blockchain, and Riyoshi Token, all of this happened in the fourth quarter. According to FX street news, the price of the Shiba Inu could rise to 1000 satoshi units this month, removing another zero from its price.
If this occurs, the Shiba Inu coin will have reached a new all-time high. This will be the beginning for the holders who have millions of tokens in their wallets. Shiba Inu, according to our prediction, will simply cut a zero off its price with a Robinhood listing and will easily reach 1000 satoshi units.
Although the burn process will take some time, Shib is expected to bounce this quarter. The price of Shiba Inu will skyrocket once this burning process is completed.
Disclaimer: Nothing in this post should be construed as a recommendation to buy cryptocurrencies or invest in any way. This is only an amateur's viewpoint, not that of a professional financial advisor. Before investing in cryptocurrencies, I recommend discussing with your financial advisor and performing your own study.