Shiba Inu Coming To Robinhood? Reasons I say YES!

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Disclaimer: None of the information in this video should be
considered as advice. This video was made for entertainment
purposes only.

If you don’t know what Shiba Inu is well it’s literally a dog, no really, Shiba
SHIB is often referred to as a joke-influenced cryptocurrency but it plans to outpace and be bigger than Dogecoin.

But before you shrug them off, Shiba has been on an absolute tear, having gained about 350% in a month - roughly what bitcoin has gained in a year.

Because the price of the dogecoin-inspired cryptocurrency has risen over 300% in a week, it was pushed into the top 20 coins by market capitalization, with a value of $12 billion, according to CoinMarketCap.

It's done this in the 14 months since its inception, in August 2020. It took dogecoin six times as long - 88 months from its launch, and we’ll get into why in just a moment.

Shiba Inu is an ERC-20 token on the Ethereum blockchain. This means that it has been created and is hosted on Ethereum's blockchain instead of having its own. Dogecoin on the other hand has its own blockchain.

But lets’ get into the good stuff instead of going down that rabbit hole.

The most recent catalyst for shiba inu fever appeared to be the Tesla CEO and crypto enthusiast Elon Musk's tweet on Monday with a photo of his real-life Shiba Inu puppy and the caption "Floki Frunkpuppy."

Of course, people read into this as a sign that Elon likes the Shiba coin and started buying it up.

It’s literally just a picture of his damn dog, but people felt like there was cryptic message hidden in there. Investors in shib felt as if Elon was trying to tell them something.

Although it was good timing because Bitcoin, Ethereum, and other cryptos were already going up. Well done, Elon, well done.

Bitcoin, the No. 1 coin, reached a market cap of $1 trillion for the first time since May. Shiba inu now ranks above polygon, stellar, and the gaming token axie infinity, which has almost doubled in value in a month.

What happens when something like this takes off, it produces our good friend, FOMO. Fear of missing out. And Shib is an easy one to buy because it’s listed on several big exchanges, the exchanges are, incase you’re ready buy you some Shib, is Binance, Crypto.com, eToro and the most recent addition, Coinbase.

When availability and FOMO connect, it can mean big things. Especially when the entire crypto market is rallying.

Plus, rumor mill is swirling with Robinhood and it picking up Shiba. If that happens, the volume will spike incredibly. Robinhood, in my humble opinion is one of, if not the main reasons, Doge was able to do what doge did. It started gaining attention and it was easy to buy.

If you would have told me this Robinhood and Shiba rumor a month ago, I would have said no way. But here is why I think it’s a real possibility.

When Shiba was able to secure that coinbase listing that was huge. And now we have a petition floating around with a couple hundred thousand signatures, requesting Robinhood take on Shiba.

The amount of exposure Shiba would receive from that could prove to be very valuable for Shiba Investors. And god knows Robinhood needs to please as many people as they can right now after all of their fiascos Although, believe it or not, even with their issues, Robinhood’s user base increased through the controversy.

Plus, Robinwood is ramping up their crypto side with their crypto wallet offerings. Right now, Robinhood only supports 7 crytpos, those are bitcoin, bitcoin cash, bitcoin sv, Ethereum, Ethereum classic, dogecoin, & Litecoin.

So, if Robinhood is wanting to become more competitive in the crypto space, they are going to have to change some things around, and more options is certainly one of them. I’ve never been a crypto on Robinhood fan, and I’ve made videos on that in the past, because I want them keys.

#shibainu shib #shibarmy

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