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Shiba Inu (SHIB) Jumps 20% Following Robinhood Listing

Shiba Inu (SHIB) Jumps 20% Following Robinhood Listing

Mimi Queen Shiba Inu (SHIB) price jumped 20% today – an increase apparently due to today’s addition of Robinhood to the asset support. At the moment, SHIB is currently trading at $0.000002674, according to CoinMarketCap data, having eased slightly but is still up 16% for the day.

Robinhood is a popular stock and cryptocurrency app that allows anyone (as long as an adult) to participate in trading. Today’s app Additional support For gray hair, as well Solana (SOL), ribbed (Matic) and complex (comp).

company later announce On Twitter he is donating $100,000 worth of new listed cryptocurrencies.

Solana, Polygon and Compound all rose, but by less than 5%.

SHIB was not only the highest gainer, but the best performing cryptocurrency in the last 24 hours. The token is the 15 largest digital asset, with a market capitalization of $14.6 billion. It works on Ethereum The network appears to have emerged out of nowhere last year to become a significant player in the crypto world.

As a meme currency, though, it doesn’t have much use: you can’t really spend SHIB anywhere and it’s not clear what it was made for, other than a joke, much like its predecessor Dogecoin. Meme coins are cryptocurrencies based on an online joke or a popular meme pumped by celebrities or online communities.

The price of SHIB is more volatile than other assets with a large market capitalization, such as MATIC, which supports the Polygon network.

Polygon is an Ethereum sidechain designed to speed up transactions and lighten the load on the Ethereum mainnet. It is the original currency MATIC, which is used to pay for transactions on the Polygon network, number 1The sixth largest cryptocurrency by market cap and is trading for $1.43 at the time of writing.

Pool, a decentralized finance (DeFi) loan facility, is currently trading for approximately $129.25 with a market capitalization of $868 million. Solana Layer 1 blockchain network that aims to compete with Ethereum, It occupies the position as the sixth largest cryptocurrency and is traded for $106.71.

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The opinions and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.

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