Over the previous few days, the value Shiba Inu coin (SHIB) has risen dramatically – at one level turning into the thirteenth most-valued cryptocurrency by market capitalisation. Its worth has greater than tripled prior to now week and billionaire tycoon Elon Musk is being credited for the rise. Given the fast surge, the demand for its addition to main cryptocurrency platforms is rising. A petition circulated on Change.org, urging Robinhood cryptocurrency buying and selling app so as to add the digital coin, final evening surpassed 200,000 endorsements. The demand spiked after the app added Shiba Inu coin‘s main rival Dogecoin on its platform.
“This petition is designed to kindly request of Robinhood to please listing Shiba Inu coin to commerce, reads the petition.
The petition stated Dogecoin’s addition to Robinhood has been successful and Shiba Inu is a “comparable meme coin with real potential” and it has been gaining new floor by the day. It stated Shiba was lately listed on Binance and has carried out effectively for its prospects. “Let’s encourage Robinhood to be the primary conventional brokerage to get on this practice! Thanks,” it added.
Launched in August 2020 by the nameless founder referred to as “Ryoshi”, Shiba Inu is positioned as a “Dogecoin Killer” and aspires to be an Ethereum-based different to the favored meme. Its worth rose from $0.00000723 (Rs. 0.00054) on October 1 to $0.00003473 (Rs. 0.0026) on October 7. Nevertheless, a few of that acquire has tapered off and SHIB worth in India was round Rs. 0.0017 ($0.00002308 ) on the time of penning this report.
A cryptic tweet by Tesla and SpaceX CEO Elon Musk on October 4 was extensively credited for the coin’s fast surge. The cryptocurrency fanatic, who has beforehand supported cryptocurrencies together with Bitcoin and Dogecoin, had shared a picture of his pet canine “Floki” having fun with the sunshine on a Tesla electrical automotive. The picture had prompted fairly a stir and plenty of noticed it as his endorsement of the brand new Shiba Inu coin.