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

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 coins

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

Here are some tweets

We dropped new crypto 👀

And we’re giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some 🪙 #RobinhoodCrypto

The first 10K quote tweets will receive $10 of SHIB. pic.twitter.com/0jsBKYfJvw

— Robinhood (@RobinhoodApp) April 12, 2022

ROBINHOOD: SHIBA LISTING COULD COME AS EARLY AS FEBRUARY. $HOOD

— BreakingStocks.Live (@BreakingStocks_) January 12, 2022

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 user base, 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.

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, programs that execute activities automatically when specific circumstances are satisfied. While specifics are lacking at 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 will likely employ BONE tokens rather than SHIB or LEASH currencies as its native tokens. The BONE coin will first be valued at $0, with subsequent pricing determined by market demand/supply dynamics. SHIB and LEASH holders, on the other hand, will be able to utilize 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.