Dogecoin (DOGE) The crypto money project Shiba Inu (SHIB), which is a copy of it, has reactivated after a period of silence and has challenged the whole market.
Although Bitcoin, the leading cryptocurrency, has increased by 0.2% in the last 24 hours and actually continues to move horizontally, slight movements are seen among altcoins.
SHIB is definitely the 13th ranked leader among these.
SHIB Rising
SHIB gained 40% in 24 hours, reaching as high as $0.00004012, renewing its all-time record.
It is seen that the SHIB price has increased by 52% in the 7-day period. Although the reason for this rise in SHIB price is not yet known, it seems that the volume is mostly based on Binance and Coinbase.
This shows that individual investors actually create a buying pressure.
Although the exact cause of the SHIB price movement is not known, there is a possibility.
The long-awaited Robinhood listing may have come as it can be understood from the fact that CEO Vlad Tenev did not answer questions in the past days.
Tenev did not answer the question of being listed about SHIB in the program he attended, but emphasized that they were listening to the community.
Even on the waiting list of Robinhood’s new product, the cryptocurrency wallet application, there are more than 1 million people and it is known that the number of people using the platform is tens of millions.
This actually makes it possible for the price to skyrocket if SHIB is listed here. A possible insider news may be the main reason for the rise.
If such a listing news comes and the price experiences another attack, SHIB can enter the top10 list. However, for this, it needs to experience an increase of 100 percent on average.
*Not Investment Advice.