Shiba Inu Slips after Jumping on Robinhood Listing Speculation

Shiba Inu Slips after Jumping on Robinhood Listing Speculation
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Shiba Inu has given multi folds return since its listing. The speculation market has reacted heavily ever since the news of it getting listed on Robinhood has surfaced. It is trading nearly 60% lower than the highs that it made in October 2018. Investors are looking at the potential that Dogecoin and other currencies have sown ever since they were listed on the Robinhood trading platform. However, the Dogecoin story is way back in 2018 and since then all the cryptocurrencies have given multi-baggers. Some investors doubt that the story will repeat and that is why a witness of a slump has been seen in Shiba Inu.

Will Shiba Inu join hands with Robinhood?

Robinhood without a doubt has proved its mettle and is one of the biggest crypto trading apps. Shiba Inu which is currently available for trade-in Coinbase is in talks with Robinhood. If rumours are to be believed, investors will soon have the opportunity to trade Shiba Inu on Robinhood. However, a few days before the news surfaced the CEO of Shiba Inu, Christine Brown has clearly downplayed the idea of their coin (Shiba Inu) getting listed on Robinhood in near future. It is a dicey situation for Shiba Inu as of now and that is why a volatile move is seen at the counter.

2021 was the year of Shiba Inu

As per many analyst reports, Shiba Inu became popular among people as Google search shows that Shiba Inu was searched by 1.5 million people across the globe. From September 2020 to October 2021, the coin has equated around 2 and a half million per cent. In relative terms, if u have invested $100 in 2020, you would have made 2 million in 2021. Investors need to be wary of the counter as it has become highly volatile since the beginning of 2022. A warning has been raised as Shiba Inu was down nearly 40% from its highs in December itself. These are alarming signs and investors should remain cautious while making a new investment in Shiba Inu.