Robinhood Gets Pressured From Community To List SHIB

Robinhood gets pressured from the crypto community to list Shiba Inu’s SHIB token as they think the asset can replicate Doge’s success so let’s read more in today’s altcoin news.

Shiba Inu’s recent price surge led plenty of the supporters of the meme coin to petition the trading app Robinhood to list the asset on its trading platform. Robinhood gets pressured by the community and the data from Change.org shows that over 400,000 people signed to see the coin listed on the trading app. If the petition is able to garner 500,000 signatures, it will become one of the most signed petitions on Change.
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org. The originator of the petition Trisan Luke stated that the goal here is to request Robinhood to kindly list SHIB to trade. Luke revealed that the app could replay the level of success it had with Doge by listing this another meme coin as they are both meme coins essentially. He said:

“Dogecoin has been a huge success for Robinhood, and its investors. We have all enjoyed the ride. Shiba Inu is a similar meme coin with genuine potential, up 2,000% in the last weeks.”

You probably remember that Robinhood made a fortune from listing Dogecoin earlier in the year when the asset launched a bull run and got listed on the app thanks to the pressure from the subReddit forum r/Wallstreetbets. The petition on Change.org pointed out that the most popular question about meme coins is how to buy SHIB? While Robinhood is still reluctant to list the meme coin, other trading platforms like Coinbase, Binance and more, are supporting the meme coin. Apart from the centralized exchanges, one can buy Shiba via decentralized exchanges such Uniswap, ShibaSwap, and more. Shiba Inu is now exchanging hands for $0.000071 and it is the ninth-biggest crypto by market cap as per CoinMarketCap.

As recently reported, the two biggest meme coins Shiba and Doge registered the biggest price losses in one day while DOGE was down 7% and SHIB slumped by 11%. however, CoinMarketCap shows that SHIB is well ahead of DOGE in terms of total market cap. Binance Coin tapped a new high above $530 with a minor decrease that drove BNB to $250. more losses were seen from Cardano as it dropped by 2%, Solana by 4%, DOT by 3%, and Chainlink by 2.5%.