Big Support for This Meme Coin’s Campaign! Is the Price Fires?

shiba inu cryptocurrency group Robinhood SHIB launched a campaign calling for 300,000 signatures to persuade the token to list it. The campaign in question is on its way to becoming one of the most signed campaigns on Change.org after receiving 253,763 signatures as of today.

Launched by Tristan Luke on May 10 this year, the campaign is one of many techniques used to lobby for major exchange listings and have the coin added as a payment method in online stores. Given the huge support for the current campaign, the SHIB community seems to be making good progress for the Robinhood listing. If the batch is successful, the listing will mark another big advance for the token. Just last month, the Shiba Inu community got Coinbase to list SHIB in another petition signed by 41,406 supporters.

Following the Coinbase listing announcement, there was a massive spike in SHIB trading volume. Prior to the listing, its 24-hour trading volume was only $0.5 billion, but now it has an average 24-hour trading volume of $2 billion per day, according to CoinMarketCap data. The same data shows that the price of SHIB has increased by over 200% since last month.

SHIB’s great success after the Coinbase listing suggests that a listing on the Robinhood app would be beneficial.

The Shiba Inu group also launched a campaign for a listing on the Gemini exchange. The Shiba Inu also uses popular figures to lobby on platforms like Change.org, especially Twitter.

Tesla may also listen to the community and add SHIB as a payment token for Tesla vehicles, but another campaign calling for it has only 104 backers and has a long way to go.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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