The day of Shiba Inu’s listing on the global stock trading app Robinhood draws closer. As petitions for Shiba Inu’s listing continue to increase, SHIB bulls predict that Robinhood will soon give the SHIB community what they want. Who knows? We might be in the very last hours before we hear the official announcement of Shiba Inu’s listing from Robinhood.
Let’s check out today’s SHIB updates
Lately, rumors that a Robinhood listing is imminent for Shiba Inu have increased even as the token gains massively following a most impressive bull run. However, in spite of different indirect and even pointed questions directed at the Robinhood team about the listing, Robinhood has remained evasive for the most part.
This has led SHIB bulls to believe that the company has plans for Shiba Inu it isn’t prepared to unveil just yet. On October 21, Robinhood CEO, Vladimir Tenev appeared on CNBC’s Mad Money and addressed the growing rumors surrounding the tango between his company and Shiba Inu.
However, as usual, his answers were cryptic and evasive. Jim Cramer, who was the host of the show, had asked the Robinhood CEO whether or not his trading app was going to list Shiba Inu. But Tenev made sure to craft his comment in such a way that they neither confirmed nor denied the rumors, which led to even more speculation.
In his response, Tenev instead talks about maintaining safety as a priority, rather than state decidedly whether SHIB bulls can expect a listing... I think it goes back to safety first. We are not generally going to be the first to add any new asset. We wanna make sure it goes through a stringent set of criteria, Tenev said.
Now, while Robinhood remains evasive, the report reaching from change.org is that the petition on change.org now has more than 300,000signatures! It’s obvious that the agitation to get ShibaInu listed on Robinhood is increasing with so much momentum.
There are many people who want to see ShibaInu listed on Robinhood and not all of them are from the SHIB community. Even non-SHIB holders seem to be rooting for Shiba Inu. Now that the petitions have hit 300,000 signatures, the petition has a new target of 500,000 signees.
And it definitely will look bad for Robinhoodif it fails to act in light of the overwhelming requests for the app to make Shiba Inu available to its users. That said, Shiba Inu is doing really well on the charts.
Also Read: Robert Kiyosaki predict Shiba Inu Again
Shiba Inu tapped lifetime highs
According to Coindesk, Shiba Inu tapped lifetime highs on Sunday while Bitcoin appears ready to end its current three-week winning streak. By the way, if you didn’t already know, Shiba Inu has hit a new all-time high, it's first since its peak in May.
In just 24 hours, SHIB’s prices have soared by nearly 50%, extending the month-to-date gains by almost 500%. And it appears the anticipated Robinhood listing plays a huge role in the latest SHIB bull run. Before this rally, Shiba Inu’s prices had soared on the backs of whale investors.
When comparing Shiba Inu with its arch-rival, Dogecoin, the latter cryptocurrency takes up all the hues of a crypto runt. While SHIB has gone ballistic this month, DOGE’s performance, to put it lightly, has been nearly abysmal.
The coin only gained 27% and has fallen from 70 cents to trade at 35 cents right now. And that’s not even all, Watcher Guru also reports that Shiba Inu had a trading volume of over $3.8 billion on Binance. This is larger than the trading volume of bitcoin, Etereum, and Solana combined!
U.Today reported this on its blog yesterday, adding that Shiba Inu looks poised to flip Dogecoin. Right now, Shiba Inu has a market cap of $15.4billion while Dogecoin’s market cap more than doubles that figure at $32.7 billion.
But, although Shiba Inu is still 13th place, while Dogecoin is 9th, Shiba Inu’s recent momentum leaves no one in doubt of the token’s potential to oust its biggest competitor. It’s only a matter of time before the token finally flips Dogecoin.
That said, Shytoshi tweeted yesterday that the SHIB army can expect a new Medium very soon specifically about Shiboshis. You might recall that in the last Medium update, Shytoshi mentioned that the dev team was working with its AAA studio to get the Shiboshi game into development.
The Shiba Inu lead developer also revealed in his Medium update that those who don’t currently have a Shiboshi will be able to get game pieces in the near future through other means. Shytoshi mentioned that Shiba Inu is now verified on OpenSea and Rarible and the team is also working on exciting initiatives with both platforms.
Once the game mechanics are confirmed with the AAA studio, the dev team will be explaining how the properties of your Shiboshi interact with their base level to make the character uniquely powerful in the game. From what Shytoshi mentioned in his last Medium, updates on these and more will be revealed in the upcoming Medium update.
Also Read: Shiba Inu a coin burn is imminent and When shib will hit one dollar
Elon Musk is not yet convinced about crypto
Now, Shiba Inu might have been on a roll in recent times to the admiration of many fans. However, there are still those who are not yet convinced about the crypto’s value. Shockingly, one of the people in this group turns out to be Elon Musk as his recent tweet reveals.
Out of curiosity, I acquired some ascii hash strings called “Bitcoin, Ethereum, and Doge.” That’s it. As I’ve said before, don’t bet the farm on crypto! True value is building products and providing services to your fellow human beings, not money in any form.
In defense of the Shiba Inu project, Shytoshi responded to the tweet and said, Too bad you don’t see that is exactly what we are doing, Elon Musk. But thanks for confirming that we are doing the right thing as we’ve said countless times in our woof paper and in all media. We are much more than a meme.
You see, even though Elon Musk didn’t mean to, he indirectly confirmed the prevailing philosophy that governs the Shiba Inu project. Shiba Inu is more than a meme token aiming to help its investors earn a quick buck.
This is a sophisticated project with the vision and potential to truly help people and transform the world. The dev team is constantly working to improve Shiba Inu’s ecosystem and products in order to better serve its holders and the cryptomarket.
ShibaSwap is a prime example and so is its upcoming blockchain, Shibarium, and its NFT game which is currently in development. But it’s not just the products, the dev team is also working to form partnerships that will prove profitable for the project in the long run.
Shiba Inu isn’t just a meme token, it’s an opportunity for the average Joe to get into the world of cryptocurrencies as crypto gets increasingly mainstream. Most can no longer afford Bitcoin, Shiba Inuprovides is an affordable alternative.
And with the updates coming to ShibaSwap, the dex won’t just be a sophisticated DeFi protocol with the opportunity for stakers to earn money, it will also become an educational hub. A comprehensive go-to compendium where potential investors can research into and compare newcomer crypto projects before making an investment decision.
We also have the upcoming NFT game which will help people earn for playing games. But even much more than that it will help players finally get to own their in-game assets and truly interact with them like they actually own the assets.
In traditional gaming, in-game assets are never truly owned. Players may buy them but the gaming company retains the rights over them and can make changes to them whenever they please which could, sometimes, even devalue the asset altogether.
But by launching its NFTs and the upcoming game, Shiba Inu helps to solve a problem while giving people the opportunity to earn a living. Anyway, wrapping up, the global crypto market is fast gaining mainstream adoption.
Also Read: Shytoshi Announced One cent Is Possible: Shiba Inu Coin will hit One Cent in 2021
Currently, a little over one in ten adults own crypto globally with Nigeria taking the lead in the rate of crypto ownership. The country is followed by Malaysia and Australia coming in third. The United States, on the other hand, comes in at number 10 while Japan comes in last place.
The point is, crypto is taking the world by storm as are altcoins, even meme currencies. Sure, Bitcoin is still the king of the market. But there are many countries where Bitcoin takes the back seat to altcoins.
In Singapore, Ethereum is king. Australia has a thing for Cardano. BNB has its highest adoption in Indonesia, while the United States seems to prefer Dogecoin.
Now, though Shiba Inu might not be in the ranks right now, with its current momentum I am confident that the next survey conducted by market cap will see Shiba Inu dethroning Dogecoin to become the king of the U.S. market. But while we await the great flippening, we will call it a wrap for today.
