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The new classification may encourage more institutions to use crypto. Shiba Inu was added to Japan’s “Green List” of pre-approved digital assets recently, joining Bitcoin and Ethereum. In September, Coinbase launched SHIB futures for trading. It is accessible to both retail and institutional investors via authorized Futures Commission Merchants.

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• Now, more than three years later, the SHIB price story is far less exciting.
• Robinhood mentioned Shiba Inu’s origin, linking users to an earlier post that noted that the token’s rise was “one of crypto’s more popular stories.”
• Community-driven platforms, while valuable for gauging sentiment, should be approached with a critical eye.
• Its total supply of 420 trillion tokens shows a structure familiar to meme investors and yet will be small enough at the time of launch to allow meaningful price discovery.

Still, rising holder counts, heavy whale accumulation, and falling exchange balances suggest the xcritical is far from abandoned. A clean break above this level would mark a breakout from the upper trendline that has capped the price since September. SHIB price action remains fragile, but it is not hopeless. Over the past 30 days alone, whale balances rose more than 61%, while most of the exchange outflows happened during the same period. The growth has not been smooth, but the trend remains positive, even as prices fell sharply.

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• When Bitcoin and Ethereum are performing well, altcoins like Shiba Inu often follow suit.
• SHIB has brand recognition, liquidity, and a large established community.
• In January 2018, Robinhood began allowing users in select states to trade Bitcoin and Ethereum, before adding new coins like Dogecoin in July and expanding to most of the U.S.
• In crypto news today, Shiba Inu continues to be one of the most recognized meme assets in the market despite the fact that its price has been trading well below previous all-time highs.

It’s all about staying connected to the pulse of the SHIB community and the broader digital asset market. By staying informed from credible sources, you’ll be better equipped to understand the significance of any Shiba Inu coin news today and make informed decisions as an investor or enthusiast. Ultimately, the price of Shiba Inu is a reflection of both its perceived potential and its xcritical utility, influenced by a dynamic mix of internal developments and external market forces. However, the effectiveness of the burn mechanism is often debated, and its impact on price is subject to various market dynamics. This would be a significant step in transforming Shiba Inu from a speculative asset into a functional cryptocurrency with tangible utility.

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In addition, staking rewards of more than high APY encourage holders to lock tokens to reduce early sell pressure on the token and to support price stability at critical growth phases. Ethereum-based meme utility tokens are starting to gain more attention as they are both familiar and innovative. Most of the analyst-style Shiba Inu price prediction models and signs predict that the SHIB price may still appreciate if the larger crypto market enters an intense bull phase. The inclusion of SHIB has particularly garnered attention because the listing of a meme token to such an extent is unusual at this stage of recognition from regulatory bodies. This is a major deal for a meme coin, considering the fact that it generally doesn’t gain this level of adoption. With SHIB outperforming major cryptocurrencies and garnering substantial attention from investors and analysts alike, the future implications of this unprecedented rally remain to be seen.

If even 5% of those active accounts bought Shiba Inu, that’d be roughly 600,000 investors. To this day, Robinhood hasn’t released data on exactly how many of its users hold SHIB. Cost basis and return based on previous market day close. With the sales shortfall and higher-than-expected capex guidance, investors became increasingly concerned about a valuation bubble for AI stocks.

Robinhood’s focus on a younger demographic made expanding into cryptocurrencies a natural extension of its services. Robinhood was founded in 2013 with the mission of making trading more accessible to average investors, launching a user-friendly app that made it easier to trade stocks and ETFs. But recent unconfirmed rumors that Shiba Inu would list on popular stock and crypto trading app Robinhood also helped spark SHIB’s recent trading frenzy. Gfinityesports.com started as a community platform for competitive gamers to engage, play & compete with like-minded people. As this is a developing situation, we’ll update this page when any more news comes out to clarify the SHIB listing information. The impact of Robinhood listing SHIB has already impacted SHIB’s price.

Surpassing major cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, SHIB has ascended to the 11th spot in the market capitalization ranking, boasting a valuation exceeding $12.8 billion. ET Thursday, the cryptocurrency’s token price had fallen 4.1% from where it stood at 4 p.m. The service allowed users to buy and sell cryptocurrencies, but not to transfer them away from the platform, either to another third-party platform or to their self-custody wallet. Robinhood also mentioned other meme coins, such as Solana-based Bonk and Dogwifhat (WIF), alongside Ethereum-based Pepecoin (PEPE).

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The listing comes after a year of vigorous lobbying from the SHIB community which last year had collected signatures to appeal to Robinhood to list the dog-themed token. Insights, news and analysis of the crypto market straight to your inbox Fewer coins on exchanges usually mean less immediate selling pressure. With meme coin interest fading, many now question whether SHIB is slowly dying. The Pepeto presale is moving quickly, and this is still the window for early buyers to get in before exchange listings and wider market exposure.

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So, when you’re checking the Shiba Inu coin news today, remember it’s a complex interplay of technological advancements, market trends, community actions, and platform accessibility. Social media trends, influencer endorsements, and even news about rival meme coins can create xcriticals that affect SHIB. Currently, Robinhood users can buy and sell cryptocurrencies like Bitcoin but cannot trade them between other platforms.

Shiba Inu News Today: Robinhood Listing & Price

The platform’s wallets are cumulatively housing 34.97 trillion SHIB, which constitutes $246.85 million. At the moment, Shiba Inu is Robinhood’s third-largest digital asset holding after Bitcoin and Ethereum. Ultimately, the goal is to foster a well-rounded understanding of the project’s progress and its potential place in the future of finance, moving beyond the initial meme status to embrace its evolving utility and ecosystem. While they offer a sense of the collective mood and highlight grassroots initiatives like token burns, they can also be breeding grounds for speculation and hype. Keep an eye on the project’s roadmap, listen to what the developers are saying, and understand the broader market conditions.

In the derivatives market, the total SHIB futures open interest surged 2% within an hour and 6% in the last 24 hours to 3.34 trillion worth $164 million. Furthermore, the trading volume has increased by 23% in the last 24 hours, indicating a rise in interest among traders. This sparked speculation about whether Shiba Inu coin will also witness at least a 40% rally in the coming days.

Notably, many other memes and jokes base their inspiration on Shiba Inu and how it has transcended its meme coin origin. Robinhood mentioned Shiba Inu’s origin, linking users to an earlier post that noted that the token’s rise was “one of crypto’s more popular stories.” SHIB price has jumped only 14% amid the renewed bullish market sentiment during the “Trump trade.” However, a few major crypto such as XRP and Toncoin (TON) still remain unavailable in crypto transfers, despite the recent listing by Robinhood Europe. Crypto transfer service now allows customers to deposit and withdraw 30 cryptocurrencies, including Bitcoin, Ethereum, Solana, and Cardano, as per Robinhood website.

When Bitcoin and Ethereum are performing well, altcoins like Shiba Inu often follow suit. While listings on major exchanges like Robinhood provide a significant boost, it’s not the only factor. It signaled a move from a purely speculative asset to something more integrated into the broader financial ecosystem, at least in the eyes of many retail investors. This wasn’t just about coin accessibility; it was a testament to the community’s power xcritical courses scam and dedication.

This website does not provide investment, financial, legal, tax or accounting advice. If you are unsure, seek independent financial, legal, tax and/or accounting advice. Any trading history presented is less than 5 years old unless otherxcritical stated and may not suffice as a basis for investment decisions. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. We may receive financial compensation from these third parties.

A crypto wallet will still limit users to buying and selling Robinhood-approved currencies, but the wallet will let users transfer their holdings to outside accounts from which they can trade assets on other platforms. The new crypto wallet that https://xcritical.online/ Robinhood plans to launch in early 2022 may also make it unnecessary for Robinhood to list coins like Shiba Inu. In early October, after Securities and Exchange Commission head Gary Gensler said he wanted all crypto platforms to be registered with the SEC, Robinhood released a statement explaining that such regulation could “adversely affect” crypto markets.

Exchange of crypto-assets for funds; 2. Lees meer over de cryptomarkt op Crypto.com University. Almost all moving averages are flashing sell signals on the daily timeframe.