- Coinbase Custody announced support for the Shiba Inu but has not listed it on its professional trading platform.
- A petition requesting Robinhood to list SHIB has garnered the attention of the community with over 174,000 signatures.
- Over the past month, Shiba Inu price dropped over 30%; a further drop is expected.
Shiba Inu is holding its ground despite the drop in altcoin prices. The growing popularity of the crypto may not be enough to prevent a downtrend in SHIB price.
Shiba Inu community requests that Robinhood list SHIB
The Shiba Inu community has designed a petition to request zero-commission exchange Robinhood to list SHIB. Petitioners have cited the success of Dogecoin and pointed out the similarities between the two meme coins (SHIB and DOGE). The Change.org petition has gathered 174,507 signatures.
Coinbase Custody, an independent entity regulated by the New York Department of Financial Services (NYDFS), recently listed SHIB. Coinbase has yet to add Shiba Inu to its professional trading platform, however, as a surge in trade volume is anticipated following this listing. Currently, SHIB can be traded on eToro.
In the days following its eToro listing, SHIB failed to perform and garner attention from crypto enthusiasts. The price has plunged 30% in the last 30 days, and Dogecoin influencers like Matt Wallace have slammed SHIB's listing.
Wallace was witnessed slamming an eToro ad for their SHIB listing and disclosed that he is selling his “Dogekiller” (SHIB) holdings.
After that annoying Etoro video, I am selling all my $SHIB to buy more $DOGE
— Matt Wallace ⚠️ (@MattWallace888) July 31, 2021
If Shiba Inu Coin fan boys keep being so annoying I will make it my personal mission to crash the coin.
The attention from influencers, social media and listing announcements has proven ineffective in driving SHIB's price higher. The crypto has mainly remained stagnant and traded below the $0.00000681 for over a week now. SHIB's price dropped over 30% in the past month, and the “Dogekiller” may have lost its charm.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin: Holds $105K mark as MicroStrategy adds 11,000 BTC, Trump pardons Silk Road creator Ulbricht
Bitcoin price trades around $105,000 on Wednesday after rebounding from the $100K support level the previous day. Michael Salyor’s MicroStrategy announced on Tuesday that it has acquired 11,000 BTC worth $1.1 billion, and President Donald Trump pardoned Silk Road creator Ross Ulbricht.
World Liberty Financial adds $47 million of ETH and wBTC each to celebrate Trump’s inauguration
Donald Trump-backed DeFi platform World Liberty Financial (WLFI) added $47 million of wrapped Bitcoin (wBTC) and Ethereum (ETH) each to celebrate Trump’s inauguration as the 47th President of the United States on Monday.
Top 5 made in USA altcoins tackle uncertainty on Trump’s return: XRP, Solana, Cardano, Chainlink, Avalanche
Crypto market capitalization of altcoins developed in the U.S. crossed $544.15 billion on Wednesday, January 22. Among cryptocurrencies trending in the U.S., XRP, Solana, Cardano, Chainlink, and Avalanche have gained in the past 24 hours, per CoinGecko data.
President Donald Trump plans $500 billion in AI infrastructure with OpenAI, SoftBank and Oracle
President Donald Trump announced a “Stargate” project for $500 billion in investment to advance the US AI infrastructure. The project will deploy an initial investment of $100 billion, scaling up to $500 billion, to establish advanced data centers and infrastructure in Texas.
Bitcoin: BTC rallies above $102,000 ahead of Trump’s inauguration
BTC's price continues to trade in the green, trading above $102,000 at the time of writing on Friday after rallying more than 7% this week. Recent US macroeconomic data released this week supported the rise of risky assets like BTC.
Trusted Broker Reviews for Smarter Trading
VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.