Cryptocurrency investors have been talking about the Shiba Inu all week. SHIB, which came out of the long-term consolidation process, attracted the attention of all investors with its rise in October.
Even Elon Musk, who loves meme coins, said “I don’t have any SHIB coins” could not stop this rally. Although SHIB is now 25% below its peak, it is trading at a premium of 700% over its price 30 days ago.
The rise in SHIB is also on the agenda of the mainstream media.
There was an expectation that Robinhood, the popular US brokerage house, would list SHIB. Recent reports in Reuters indicated that Robinhood would not be in a rush to list SHIB.
400,000 users had gathered signatures for Robinhood to list SHIB.
The report stated that Robinhood has plans to seek further regulatory clarity ahead of new cryptocurrency listings. The latest statements of the US Securities and Exchange Commission are considered to have an impact on this approach.
Because SEC chairman Gary Gensler recently warned crypto trading platforms and gave the message that “most of the products you allow to trade are securities”.
Robinhood listings are seen as valuable in that they offer access to wider audiences with lower transaction fees. However, the fact that SHIB is currently listed on many exchanges (Coinbase etc.) in the USA shows that the Roobinhood listing is not very important.
Robinhood first listed Dogecoin in 2018. As of our news time, Dogecoin has a market cap of $37.4 billion, while SHIB has a market cap of $37.2 billion.
*Not Investment Advice.