The Shiba Inu coin continues to rise as its supporters hope that the Robinhood app will soon include SHIB. According to CoinMarketCap, the coin has gained 36% in the last 24 hours.
As of this morning, SHIB, the second-most popular meme cryptocurrency, had hit its third straight lifetime high of $0.0000594, surpassing the previous two highs of $0.0005711 and $0.00005364, which were established earlier today.
As several members of the community have pointed out, this has occurred without the backing or inclusion of Elon Musk’s company on Robinhood. Meanwhile, according to Fortune magazine, the number of signatures on a petition to put the meme cryptocurrency on the Robinhood app has surpassed 326,000, indicating widespread support for the idea.
Shiba Inu $SHIB hits a new record as a petition asking Robinhood to list the coin gets over 300,000 signaturesSource: @FortuneMagazine https://t.co/vclOcKWZaJ— MILKSHAKE (@shibainuart) October 27, 2021
The Shiba Inu token’s price continues to rise as its army of supporters continues to hope that the Robinhood app will soon include support for SHIB as a cryptocurrency. In the last twenty-four hours, according to statistics given by CoinMarketCap, the coin has risen 36 percent in value.
At the time of writing, SHIB is continuing its upward trend and has reached the $0.00005738 mark. Despite being placed 11th, the currency has a market capitalization of a massive $22,361,090,315 dollars.
SHIB has gained more than 87 percent in the last week, extending its recent record-breaking advances to even greater heights.
The petition seeking the inclusion of Robinhood has received more than 326,000 signatures. In the meanwhile, the petition on Change.org, which calls for SHIB to be listed on Robinhood, has garnered the backing of more than 326,000 people, according to the website.
However, Robinhood’s CEO, Vlad Tenev, has claimed that the company is being selective about which new coins it lists on its platform. According to U.Today, the platform added SHIB in their customer survey this week along with ADA, XRP, and Bitcoin in order to learn more about their consumers’ preferences in cryptocurrencies such as these.
Earlier morning, Eric Wall, the CIO of Arcane Assets, stated on Twitter that he believes SHIB is a superior meme currency to DOGE.
He feels this is true since Shiba Inu is not experiencing the same difficulties that DOGE is experiencing with its Litecoin merge-mining. In addition, Wall believes that SHIB is not inflationary by nature and is not sensitive to Elon Musk’s comments about it, according to Wall.
SHIB is better than DOGE because it doesn’t suffer from DOGE’s Litecoin merge-mining problem, its inflationary nature and isn’t as sensitive to Elon’s tweets. And also piggybacks and integrates directly with the world’s most common token standard and developed DeFi ecosystem.— Eric Wall (@ercwl) October 27, 2021