Petition to Add Shiba Inu on Robinhood Gets 200,000 Signatures

Over the past few days, the price Shiba Inu coin (SHIB) has risen dramatically – at one point becoming the 13th most-valued cryptocurrency by market capitalisation. Its value has more than tripled in the past week and billionaire tycoon Elon Musk is being credited for the rise. Given the rapid surge, the demand for its addition to major cryptocurrency platforms is growing. A petition circulated on Change.org, urging Robinhood cryptocurrency trading app to add the virtual coin, last night surpassed 200,000 endorsements. The demand spiked after the app added Shiba Inu coin‘s primary rival Dogecoin on its platform.

“This petition is designed to kindly request of Robinhood to please list Shiba Inu coin to trade, reads the petition.

The petition said Dogecoin’s addition to Robinhood has been a success and Shiba Inu is a “similar meme coin with genuine potential” and it has been gaining new ground by the day. It said Shiba was recently listed on Binance and has performed well for its customers. “Let’s encourage Robinhood to be the first traditional brokerage to get on this train! Thank you,” it added.

Launched in August 2020 by the anonymous founder known as “Ryoshi”, Shiba Inu is positioned as a “Dogecoin Killer” and aspires to be an Ethereum-based alternative to the popular meme. Its value rose from $0.00000723 (Rs. 0.00054) on October 1 to $0.00003473 (Rs. 0.0026) on October 7. However, some of that gain has tapered off and SHIB price in India was around Rs. 0.0017 ($0.00002308 ) at the time of writing this report.

A cryptic tweet by Tesla and SpaceX CEO Elon Musk on October 4 was widely credited for the coin’s rapid surge. The cryptocurrency enthusiast, who has previously supported cryptocurrencies including Bitcoin and Dogecoin, had shared an image of his pet dog “Floki” enjoying the sunshine on a Tesla electric car. The image had caused quite a stir and many saw it as his endorsement of the new Shiba Inu coin.


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.