The Shiba Inu crypto market is seeing its fair share of highs and lows, thanks to Elon Musk’s Tweet. The Tesla CEO revealed in his Tweet that he has never invested in this crypto coin, even though it is named after the species of his pet dog. Since then, his reply has gone viral and it caused the prices of Shiba Inu coins to dip to a low level just a week earlier. But now, new numbers reveal that Shiba Inu’s valuation has gone up once again.
As of now, the Shiba Inu coins have enjoyed a sudden rise in their valuation by about 13%, as given in the data released by CoinGecko. Speculations are going around that the 11th-largest crypto owes this sudden increment in their market price to Robinhood Markets Inc. The organization is adding the Shiba Inu cryptocurrency to its platform and this is what might have helped boost the SHIB token’s value.
There is also some news about a curious petition on the website Change.org which implored Robinhood. Inc to add the Shiba Inu coins to its platform. It has garnered over 3,00,000 ever since it went online. Talking about the SHIB tokens, the CEO of Robinhood Vlad Tenev said they are very positive about the currencies they have put up on their platform, and they want to keep up the good work with the currencies currently being enlisted on their site.
The Robinhood.Inc has seen wild growth these last few months, and it is all thanks to cryptocurrencies like Shiba Inu. Last month, the company which mainly deals with the brokerage, said they have thought of offering “crypto wallets” so that crypto investors can use digital currencies for the transaction. They have already started accepting investors for their “crypto wallet” innovation and the waitlist has about 1 million customers. Of the entire amount, about 64 percent came from Dogecoin, according to previous reports.
