Shiba Inu Cryptocurrency has grown by 960 percent this year, which says a lot about the meme coin that is shaping up to be the next Dogecoin. However, it is not yet sufficient for it to be added to Robinhood’s platform. Also, the reason for this is unknown, leaving people to speculate about its distribution on other trading apps.
Massive Growth of Shiba Inu Cryptocurrency
Shiba Inu has experienced massive growth this year, and according to Coinbase, it has increased by a whopping 79,000,000 percent since the beginning of the year. That’s right, it’s already 79 million percent, and it’s increased by more than 960 percent in the last month.
SHIB’s value on Coinbase is now $0.00007880, which is a massive increase from its previous value, which had more zeroes on it.
Shiba Inu is also ranked 11th in the cryptocurrency rankings by Coin Market Cap, just one spot ahead of Dogecoin, which is ranked 10th. Shiba was ranked 13 earlier this week, while Doge was ranked 9.
Shiba Inu on Robinhood is a yet-to-be-announced character
Robinhood has made its statement clear and understandable for all, and the crypto trading platform has stated that there have been no announcements regarding the inclusion of the meme cryptocurrency on its platform. The same is true for other coins that are gaining popularity, such as SHIB, as well as those that are gaining prominence at this time.
People are now starting a petition to include Shiba Inu in Robinhood.
Popularity of the Shiba Inu
Earlier this month, there was a significant notice of changes regarding Shiba Inu’s cryptocurrency, and it has been prominent in the previous months of the year due to its performance. And, like Dogecoin, its popularity and surge are due to its users who trade the coin on specific platforms where it is now available.
Two of the top five of these popular crypto exchange platforms are known to trade Shiba Inu within their jurisdictions, in contrast to Robinhood, which continues to refuse to join the SHIB train like others. The reason for this is unknown, but it is not the end of the story, nor does it guarantee that it will not have $SHIB in the future.
Coinbase’s regard for Shiba Inu is enormous, as it is one of the most popular cryptocurrency trading platforms online, and it means a lot coming from them as a highly regarded place to trade. Shiba’s growth is ongoing, and it resembles Dogecoin’s popularity when it first appeared in the market, in early 2021.