Shiba Inu has stunned every crypto enthusiast and is running bullish for a few weeks now. With a few dips, the meme coin has only gathered more momentum to carry its positive uptrend consistently. Not just that, the neck-to-neck battle to beat Dogecoin in terms of market capital and price rally is getting stronger with every passing hour.
Well, it’s not just some rumors that are making the prices soar exponentially. Or, if you are scared that the popularity will be short-lived, be calm! There is a lot of work going on behind the scenes that clearly points towards a bright future of this amazing meme coin. The community is growing faster and more people are getting involved with the Shib Inu ecosystem.
Are you a Shiba Inu buyer waiting for making every cent invested count?
While some have the fear of losing it all, most of the users believe that this promising meme coin will make investors rich. Even if you are still planning to put your money in the coin, it’s not too late.
Experts believe that the Shiba Inu will further continue its rally to the moon, leaving Dogecoin and many other cryptocurrencies behind. Released in August 2020, the crypto has already become the talk of the town.
With many new investors lurking to find that sweet point to get in, there has been a tremendous surge in its fan following. And it’s growing quickly.
A quick recap of what’s happened in the last few weeks.
Shiba Inu was listed on popular exchangessuch as Binance and Coinbase pro. Robinhood includes this meme coin in the survey form with other choices that may get listed on the platform sooner.
Although the platform confirmed that the attempt was to accumulate the take of the US users on the Shibu Inu, it certainly had a huge impact on the coin’s price The Petition started by a single user for listing on Robinhood has already gained over 400,000 signatures and counting.
Crypto whale bought over 276.6 billion Shiba Inu tokens for about $11.5 million. This single whale holds about $15 million worth of this meme token alone. With more ways to burn SHIB tokens, the coin is expected to rise in value going forth.
These updates are all over the web. Everyone is waiting to see Shiba Inu grow to 1 cent sooner. While the haters may pretend to stay ignorant of the changes around, there are some popular businesses trying to take as much advantage of the opportunity as possible.
According to Cointelegraph, Adam Aron, the AMC theatres’ CEO asked Twitter users if they would be potentially interested in paying with Shiba Inu. The website further states that among 97,582 Twitter users who participated at that time in the poll, 85% chose to stay with the coin, accumulating 85 percent positive votes.
Well, AMC Entertainment is already in the process to update its technical infrastructure for allowing users to pay with Bitcoin, Ethereum, Litecoin, and Dogecoin for movie tickets. And the tweet by the CEO of the company is certainly a hint pointing to the probable inclusion of Shiba Inu for movie payment.
The Etherscan data confirmed that 41 percent of the Shiba Inu coin total supply has been burned so far. With fewer coins in circulation, the demand for the Shiba coin is further to rise, followed by its price value.
In a Tweet’s comment, Del Crxpto replied saying that Robinhood is releasing SHIB on 1st November 2021. However, he also added that the reports aren’t confirmed. Not just that, his other tweets are also very bullish about the SHIB token. In another tweet, the user is very positive about Shiba Inu dropping another zero soon.
Also Read: Shiba Inu a coin burn is imminent and When shib will hit one dollar
Why Robinhood may be interested in Shiba Inu
Another important fact why Robinhood may be interested in Shiba Inu is the failure of Dogecoin to keep investors interested in the trade. A recent article on Fortune.com reads: “Robinhood investors fall out of love with Dogecoin, as it drops from 32% of revenue to just 8%.”
Further, Barrons.com reported: “Robinhood Stock Is Tumbling Because Meme Stocks and Dogecoin Are Fading.” So, if Dogecoin isn’t able to provide the hump Robinhood demands, there is this one cryptocurrency that is doing better than all the other coins put together.
Yes, it is our Shiba coin which isn’t there on the platform yet. And its addition to the Robinhood exchange will surely help the company gain a lot of new customers. Plus, trade per hour will explode too.
It’s not just a speculation, however proof from various other exchanges that are already enjoying great perks from the transactions happening around SHIB token. Economic times said: “WazirX rides the Shiba Inu wave, records highest daily trading volume” And yes if you have been thinking about how much Shiba Inu coin holding will hit you the jackpot, there are individuals who have already done it.
People are becoming millionaires by holding on to the Shiba Inu Coin. A piece of news from Businessinsider confirms the same. “A crypto wallet shows an investor made an $8,000 Shiba Inu coin purchase last year. Today, it is worth $5.7 billion.”
If the Shiba Inu listing happens on Robinhood, the coin will be exposed to over 21 million users. This will have a huge mark on the growth of this cryptocurrency. Another remark from Chris Kline, the co-founder of Bitcoin IRA, has made it clear that Shiba Inu isn’t just a night’s dream.
On the contrary, the token will consistently impact digital finance in its own unique way. Quoting his statement, “They're (meme coins) part of the evolution of digital finance in their own unique way.” “That's my big thing is that they obviously are part of the crypto revolution. They're here. They're a piece of this concept.”
In the midst of all the advancements, Venezuela has more than 70 businesses already throughout the country that has started accepting Shiba Inu as a payment method. The last time we checked, there were 50 businesses supporting the coin.
The country soon plans to engage over 100 businesses sooner to join the rally. Shiba Inu is attracting huge public attention by making enormous growth of over 960 percent in the past month itself. Now, that was about the impact of Shiba Inuperformance on the investors, celebrities, and crypto whales.
What is the crypto developer team doing to further the value of this coin to make it a sustainable choice in the long run?
Well, the community is very much active. According to Shytoshi Kusama, the Shiba Inulead developer, the coin will soon reach one cent. And there is a proper plan to accomplish the goal. When the entire crypto market is in the correction phase, this meme coin has left all the haters behind by touching an all-time high, over and over again.
Also Read: Last chance to profit from Shiba Inu before Robinhood listing- Explained
So, what is the future endeavor of the founder and its team of developers?
What seems so promising that even the negative tweet from Elon Musk did not make any difference in the uptrend of the meme coin price? Based on the Ethereum blockchain, the Shiba Inu comes inclusive of all the features that other tokens on the ether network enjoy.
For instance, the NFT creation. Right after the release of the first batch of Shiboshis, the 1000 NFTs, carrying unique trait that makes them collectibles, all these were sold out in a matter of time. However, that is not it.
The developers are working to release the Shiboshi game, created using the Ethereum blockchain technology. This game will be unique and will help scale up the Shiba Inu ecosystem manifold.
What’s more? The Shiboshi NFT owners will be able to use these unique non-fungible tokens in the strategic gameplay. Isn’t that exciting? Do you still think that Shiba Inu is just another token like Dogecoin? That does not seem the case anymore.
Although started with an aim to leave Dogecoin behind and develop a much more sustainable meme coin for trading, the SHIB token has come a long way. In just a year, the meme coin flaunts a huge community that believes in the coin and is very much dedicated to helping it reach the moon.
The Shiba army is already making every possible attempt to make the token more valuable with time. And, in 2021, Shiba Inu certainly is among the most influential digital coins out there. So, if you are looking to invest small while seeking huge gains, this could be your way to go.
Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the content as such. The content in this article is for educational purposes only and hence should not be considered as financial advice. However, do not forget to do your due diligence before making any investment plans. Also, you must invest in crypto the amount you can afford to lose. Stay safe and keep making profits.
