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Shiba Inu (SHIB) is now officially listed on Robinhood and available for trading

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Shiba Inu (SHIB)

 a meme coin attempting to find new avenues of usage, has recently received one of its most major bullish impulses, with the prominent trading site Robinhood officially listing the token.

Shiba Inu

Shiba Inu coins

for example, are now accessible for trading on Robinhood, as seen by the screenshot above. In addition, Solana (SOL), Polygon (MATIC), and Compound (COMP) coins have been introduced to Robinhood.

Shiba Inu coins


Here are some tweets

Back in January, we highlighted a tweet from Zerohedge stating that the Shiba Inu would be officially listed in February 2022. However, due to Robinhood's new policy of targeting "long-term" benefits and utility for its userbase, the listing could not take place within the specified timeline. To wit, Robinhood's COO Christine Brown stated a while back:

"I also believe that our approach differs from that of many of the other players out there, who are simply rushing to list as many assets as possible right now."

She then went on to say:

"We believe that the potential short-term gain is not worth the long-term trade-off for our consumers."

Keep in mind that Robinhood is still popular among retail investors looking to obtain exposure to famous cryptocurrency brands. Dogecoin, a cryptocurrency that had a similar surge in popularity last year, has also seen significant increases in the run-up to its listing on the famous trading platform. Bulls are counting on another price increase now that Shiba Inu has been officially listed.

Shiba Inu (SHIB) is now officially listed on Robinhood and available for trading


The Shiba Inu currency is now up roughly 10% at the time of writing. However, the currency has been in the red for the whole year.

Shiba Inu's next significant bullish impulse is currently scheduled to occur with the introduction of the Shibarium, a Level 2 (L2) blockchain. To recap, the L2 is a whole protocol built on top of the Ethereum blockchain. The protocol communicates with the main blockchain using smart contracts, which are programmes that execute activities automatically when specific circumstances are satisfied. While specifics are lacking at the present, Shibarium L2 is expected to use Rollups to boost transaction processing performance. Rollups are systems that gather and execute transactions on a layer separate from Ethereum's primary network. These completed transactions are then aggregated and uploaded on the main Ethereum blockchain, avoiding the hefty gas prices that plague Ethereum.

Shiba Inu's Shibarium L2 is likely to employ BONE tokens rather than SHIB or LEASH currencies as its native tokens. The BONE coin will be valued at $0 at first, with subsequent pricing determined by market demand/supply dynamics. SHIB and LEASH holders, on the other hand, will be able to utilise their holdings to generate the BONE currency on ShibaSwap.

Shiba Inu AMA reported in December 2021 that Shibarium will most likely launch in the first part of 2022. As a result, if the current Shibarium L2 timeframe holds, we anticipate a considerable rise in overall activity within the Shiba Inu ecosystem near the end of H1 2022 and into H2 2022.


 

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