Popular trading platform Robinhood, has added the shiba inu coin (SHIB) alongside three other cryptocurrencies sending the SHIB price soaring nearly 35% in one day.
Supporters of SHIB especially in the USA are ecstatic about the news that the coin is now available on the Robinhood app. Since October of last year, the SHIB community has been pleading on Change.org to add the meme coin. As of Tuesday, about 560K signatures had been collected.
According to the Robinhood release, "Our crypto clients have frequently requested two things over the past year: the ability to send and receive their tokens, and a greater range of cryptocurrencies."
The company also stated that it has rolled out new crypto wallets to over two million consumers, in response to their top requests.
What next for Shiba Inu?
One expert crypto analyst predicts that the SHIB may spike 50% or higher in the next 6 weeks. If this happens, we may see a buying frenzy in the coming months as bullish runs push the meme coin towards the $0.1 region.
We shall wait and see...