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Shiba Inu Soars 50% - What's Happening?
Shiba Inu (SHIB) Has Jumped 50% In The Last 24 Hours, Reaching All-Time Highs
Oct 26, 2021
1 min read
Anna BakkerNews analyzer

The token is growing amid rumors of listing in the Robinhood app.

Over the past month, SHIB has risen in price by 450%, taking 11th place in the ranking. The market capitalization of the token has exceeded $ 20 billion.

Over the year, the token has risen in price almost 42 thousand times.

The $ 24 invested in SHIB a year ago will now generate $ 1 million in revenue.

On Wednesday, investment platform Public.com, which launched cryptocurrency trading earlier this month, listed SHIB as a supported asset. After that, it was suggested on the project's Twitter account that the online broker Robinhood could take a similar step, writes forklog.

The community is confident that Robinhood will soon add the token to the list of products available for trading. The company sent out a survey to users about which cryptocurrencies they would like to see on the list. And Shiba Inu was among the options.

On Thursday, the head of Robinhood, Vlad Tenev, in an interview with CNBC, refused to confirm or deny rumors of a possible SHIB listing, which only fueled the community's interest in the cryptocurrency.

If the rumors are confirmed and Robinhood adds SHIB to the listing, the price of the token could lose a couple of zeros after the decimal point, according to beincrypto and marks the recent addition of the token to the listing on the largest Brazilian crypto exchange Novadax.

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