Among the newly listed tokens, Shiba Inu was the most abuzz as it rallied 31 per cent to $0.00002977 from $0.00002272 within 24 hours. However, the token is ...
In the year 2021, Shiba Inu had risen 60 times in a span of six months. There has been news of Ethereum whales purchasing Shiba Inu tokens in bulk. The spike in Shiba Inu also extended to other tokens. Shiba Inu investors are hopeful about SHIB token price reaching 1 cent in 2022. However, the token is still 65 per cent below its all-time peak of $0.00008 hit in October 2021. Analysts at BigONE still see an upswing of 20-80 per cent gain from the current position.
But SHIB price risks another 50% decline as it continues to fluctuate inside a bearish triangle pattern.
As a result, these "hodlers" now has control over 2.82% of the net SHIB supply in circulation. Robinhood emerged as a go-to avenue for everyday investors since the pandemic's start in March 2020. Meanwhile, revenues from cryptocurrency trading surged over 300% in the same period, putting Robinhood on course to introduce more crypto-related services in 2022, including a wallet and the addition of more altcoins and meme tokens to its brokerage platform. David Gokhstein, the founder of Gokhshtein Media, said the addition of SHIB to Robinhood is "a great thing" for the crypto space, noting that the cryptocurrency could help drive more users to other top coins like Bitcoin ( BTC) and Ether ( ETH). The analytics platform noted the address holding SHIB for more than a year increased their balance in the past 30 days. Still, it reported a net loss of $423 million in its fourth-quarter earnings of 2021, noting that its main source of revenue (payments for order flow) made $263 million compared to $267 million in the same quarter of the previous year.
The platform popular with daytraders also added Solana's SOL, Polygon's Matic and Compound's COMP to its list of available trades.
The product was first announced in September, not long after Robinhood Chief Executive Vlad Tenev said that such a wallet was in high demand among customers. “We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto," Steve Quirk, chief brokerage officer at Robinhood, said in a blog post. Shares of Robinhood were up 4.6% as of 9:33 a.m. in New York.
This morning fintech trading platform added four new tokens for clients to trade, bring its total to 11.
However, the company avoided listing SHIB until now because of fears about its outsize volatility, even for crypto. COMP, SOL, and MATIC are each down approximately 40%. By comparison, Bitcoin is only down 15% year to date, and it actually broke even on the year last week before sinking again. This morning fintech trading platform Robinhood added four new crypto tokens, bring its total to 11.
Robinhood Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in ...
Shares of Robinhood were up 4.6% as of 9:33 a.m. in New York. Prices of all the tokens listed rose. Robinhood Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in favor of the joke token becoming available for trading.
SHIB, SOL, Polygon's MATIC and Compound's COMP tokens were added to Robinhood Crypto.
Bitcoin Cash Price Index (BCX) A blog post on Robinhood's website later confirmed the offerings. Bitcoin Cash Price Index (BCX)
The launch of the meme coin Thursday was part of a larger expansion of its crypto offerings.
The launch of the meme coin Thursday was part of a larger expansion of the trading app's crypto offerings. Investors have found other ways to invest in the memecoin, though, likely making it inevitable that Robinhood would begin trading. Each of the tokens was up sharply in early trading Tuesday.
Crypto coin Shiba Inu jumped more than 20% on Tuesday, after brokerage app Robinhood said it has listed the popular meme token, along with three others, ...
Crypto coin Shiba Inu jumped more than 20% on Tuesday, after brokerage app Robinhood said it has listed the popular meme token, along with three others, months after its supporters called for the move. The token surged more than 40,000,000% in 2021, while it has lost 32.7% year-to-date. Robinhood also listed three other cryptocurrencies, including tokens of decentralized lending platform Compound, blockchains Polygon MATICUSD, +6.42%and Solana SOLUSD,, according to a blog post on Tuesday.
Meme cryptocurrency Shiba Inu appears to have been listed by commission-free investing app Robinhood, according to a listing bot. The meme coin now shows up ...
It is currently trading at $0.00002479 on the Binance exchange. Yet, its shares are down more than 86% from the August 2021 high. In November, Christine Brown, the chief operating officer of the company's crypto division, made it clear that the company preferred quality over quantity, seemingly taking a dig at crypto-native competitors with less conservative listing policies.
Robinhood has added pages for a spate of new cryptocurrencies today, namely Shiba Inu, Solana, Polygon and Compound.
Robinhood has not made an announcement for the listings. But in this case, the tokens had been sent to Ethereum co-founder Vitalik Buterin who decided to sell a chunk of the tokens and donate the proceeds to charity. The project claimed, however, that half of its token supply had been burned, which typically refers to a process where tokens are sent to an address that cannot be accessed. It doesn't appear that the coins are available to trade yet, according to various comments on Twitter. But it has struggled with deep transaction reorgs, where long strings of blocks in its blockchain are changed retroactively. Robinhood added Dogecoin early on, as it shot up with the backing of Elon Musk — making up 62% of its quarterly crypto revenue in Q2 2021.
Robinhood has expanded its presence in the crypto market by adding four cryptocurrencies to its platform: Compound, Polygon, Shiba Inu, and Solana.
Steve Quirk, Robinhood’s chief brokerage officer, articulated this commitment, adding that Robinhood was “excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto.” In a statement, the company defended its relatively delayed timeline for adding popular cryptos, saying that Robinhood has a “rigorous framework in place to help us evaluate assets for listing.” As of Tuesday morning, the tokens represent a range in value, with Shiba Inu clocking in at around $.000027 and Compound selling for around $130 per token.
ET today, the price of Shiba Inu ( SHIB 21.01% ) had risen as much as 24% after the token was added to Robinhood's online investing platform. The token also ...
Robinhood announced Tuesday morning that it had added four tokens that can now be traded on the platform, including SHIB. The popular online brokerage has been slow to add tokens, largely because CEO Vlad Tenev has wanted to make sure they don't spook regulators by adding tokens that regulators believe are unregistered securities. Over the last 24 hours as of 9:30 a.m. ET today, the price of Shiba Inu ( SHIB 23.67% ) had risen as much as 24% after the token was added to Robinhood's online investing platform. The four new additions bring Robinhood up to 11 cryptocurrencies available on the platform.
Shiba inu coin began as a parody of another meme cryptocurrency, dogecoin. Tad Park, CEO of the crypto investment fund Volt Equity, called it “the joke of a ...
Shiba inu coin began as a parody of another meme cryptocurrency, dogecoin. But like dogecoin, it has taken off, becoming one of the most valuable cryptocurrencies by market value. "We're going to be very careful,” Tenev told analysts on an earnings call last year.
(Bloomberg) -- Robinhood Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long ...
The product was first announced in September, not long after Robinhood Chief Executive Vlad Tenev said that such a wallet was in high demand among customers. “We’re excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto,” Steve Quirk, chief brokerage officer at Robinhood, said in a blog post. Retail investors behind the push often cite last year’s meteoric rise of another joke token, Dogecoin, with many at-home traders projecting that the Shiba coin would see similar success. The wallet enables users to interact with crypto outside of Robinhood’s trading platform, including allowing them to buy non-fungible tokens, Bloomberg reported. Shares of Robinhood were up 4.6% as of 9:33 a.m. in New York. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.
The price of the popular meme coin Shiba Inu (SHIB) has shot up in the past 24 hours after Robinhood added support for the asset.
Solana, a layer-1 blockchain network that aims to compete with Ethereum, holds the position as the sixth biggest cryptocurrency and is trading for $106.71. Polygon is an Ethereum sidechain that was designed to speed up transactions and ease the load on the main Ethereum network. The token is the 15th biggest digital asset, with a market cap of $14.6 billion.
Robinhood announces that it has listed solana, shiba inu, polygon, and compound, adding to the list of crypto available on the trading platform.
Solana, shiba inu, polygon, and compound are now available to buy and sell on Robinhood (ticker: HOOD), the company said in a statement. The price of cryptocurrencies solana and shiba inu soared Tuesday after trading platform Robinhood announced that it had listed the tokens. Shiba Inu and Solana Are Rising After Robinhood Adds the Cryptocurrencies
Bitgert (BRISE) is not only the fastest growing cryptocurrency but also the most searched crypto projected in the world in 2022. This is from Google search ...
For the Shiba Inu to compete with the likes of Bitgert, the team will need to work on developing its products first to give this project the much-needed utility. The Bitgert BRC20 blockchain is one of the revolutionary products that is still causing ripples in the industry. The lack of products has left Shiba Inu with nothing to hold on to after the meme coin started dying. The BRC20 blockchain is the product that has made Bitgert leave so many others projects behind. Despite being #15 on the list of the largest cryptocurrencies in the market, Shiba Inu is being overtaken by the unstoppable Bitgert. Have you looked at the growth of holders for the two coins? Bitgert (BRISE) is not only the fastest growing cryptocurrency but also the most searched crypto projected in the world in 2022.
Robinhood has finally listed the Shiba Inu cryptocurrency for trading. In addition to today's additions, the platform allows users to buy and sell ...
Will the Shiba Inu coin future see its target price of US$0.001? Algorithm-based forecasting services gave moderately bullish SHIB predictions. Although it is still speculation, the memecoin world seems to be interested in the move. By doing so, Shiba Inu will be able to eliminate the high cost that investors have to bear while trading on the Ethereum network. On the other hand, investors are also going berserk about Shiba Inu entering the Metaverse space. The launch of the meme coin Thursday was part of a larger expansion of the trading app’s crypto offerings. Since min-January, Shiba Inu has started creating a much-expected wedge pattern for the bullish run.
Robinhood announced that customers can now buy and sell four additional cryptocurrencies namely Compound (COMP), Polygon (MATIC), Solana (SOL) and Shiba Inu ...
We’re excited to bring even lower costs to our customers by integrating with the Lightning network,” said Vlad Tenev, CEO and co-founder of Robinhood. Last week, Robinhood rolled out its digital wallet feature to 2 million of its users. Crypto wallet allows users to store their cryptocurrencies safely.
Popular dog-themed meme coin Shiba Inu surges double digits with its announced listing on the Robinhood trading app.
Check out the list here and get started on your crypto journey, today. And to find the one that's right for you, you'll need to decide what features that matter most to you. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Since its initial listing on the NASDAQ stock exchange last July, Robinhood (HOOD) soared to an all-time high of $70.94 on Aug. 4, 2021. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Frankly, that's very surprising especially when you consider the extremely positive news cycle Shiba Inu has enjoyed over the past few weeks. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. Learn more and get started today with a special new member discount. We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. It's difficult to tell whether the lobbying activity or petition had any effect. While the SHIB token had been available on major exchanges such as Coinbase, Binance, Kucoin, and others, it was not available on Robinhood. To help hasten SHIB's listing on Robinhood, a petition launched last summer to persuade Robinhood to adopt the token. The Shiba Inu token soared as high as 31% within the first hours of the news and has since settled back to a respectable 19.65% intraday pump at time of writing, according to CoinMarketCap. The other three newly listed cryptos on Robinhood were up single digits respectively following the news: Solana was up 4.64%; Polygon was up 5.18%; and Compound was up 7.56%.
Shiba Inu saw three months of steady increases to its new token holder count -- only to lose 60% of that number this past month.