Will Robinhood list Shiba Inu? 185,000 people hope so as SHIB crypto rallies.
Shiba inu (CCC:SHIB-USD) fans are some of the loudest crypto bulls. The ecosystem and its developers have succeeded in capturing a very tight-knit community of investors. These investors often use Twitter to promote their favorite token. They also often request a quote on increasingly popular trading platforms and respond to opponents. Now they are looking to build enough support to rally Robin Hood (NASDAQ:HOOD) for a list of SHIB ciphers.
The SHIB token is a token that most crypto investors are familiar with, if not for its actual functionality, then for the constant social media promotion of its followers. It is impossible to miss the fans, who produce updates on their beloved crypto via new dedicated Shiba Inu channels. Meanwhile, he also retains an air of controversy around him. Its lack of real-world utility remains a barrier for many when it comes to purchasing. Analysts are torn over the coin and its potential, even here at Investor place, where writers’ opinions clash over the crypto meme.
SHIB Crypto Rises As Bulls Push For Robinhood Listing
No matter how the bears feel about crypto, its fans are moving forward. After obtaining a registration on the Coinbase (NASDAQ:PIECE OF MONEY) traded last week, crypto bulls at SHIB set their sights on Robinhood. Robinhood is one of the first platforms for a crypto to find a listing. As one of the most popular apps for retail investors, cryptos with a listing on Robinhood have huge exposure. Since this is primarily a stock trading app, it offers a level of exposure not offered by dedicated crypto exchanges.
As it stands, Robinhood hosts seven cryptos on its platform; these are Bitcoin (CCC:BTC-USD), Ethereum (CCC:ETH-USD) and several notable hard forks of both. Shiba-inspiration Dogecoin (CCC:DOGE-USD) is also one of the altcoin games available on the app.
A petition from Shiba Inu fans calls on SHIB to join the ranks of Dogecoin on the platform. With over 185,000 signatories on the page, the petition is another example of the willingness of Shiba Inu fans to rally around the play. The petition notes the success of Dogecoin on Robinhood’s crypto-trading platform. Further, he states that SHIB will experience a similar level of success if listed.
Bullish sentiment from SHIB’s petition and Coinbase listing at the end of last week is giving the coin some upside momentum. The token is up over 3.5%.
At the time of publication, Brenden Rearick had (directly or indirectly) no position in any of the stocks mentioned in this article. The opinions expressed in this article are those of the author, submitted to InvestorPlace.com Publication guidelines.