Nevertheless, Robinhood may not be looking to budge - at least within the next couple of months. The popularity of SHIB could help draw additional revenue. Transaction-based cryptocurrency revenue plummeted in the third quarter to $51 million from $233 million in the sequential second quarter. Robinhood has a financial interest to make the move, too. Having access to Shiba Inu on Robinhood would be a symbolic victory on a widely followed trading platform, and it would mark another notch on the ladder in terms of improving Shiba Inu's liquidity. Shiba Inu hodlers and enthusiasts have gathered over 500,000 signatures through in an attempt to coerce Robinhood's leadership to list SHIB for trading. The SHIBArmy is also eagerly awaiting a potential listing of Shiba Inu coin on retail investor-driven trading platform Robinhood Markets ( HOOD -0.57%). In late November, online tech-focused retailer Newegg Commerce announced that it would be accepting SHIB tokens as a form of payment by "early December." That means Shiba Inu will join Bitcoin, Dogecoin, and Litecoin as accepted digital currency payment options. While there have been a number of fleeting catalysts throughout 2021, including tweets from the world's richest person, Elon Musk, the following five catalysts are likely to be Shiba Inu's biggest momentum drivers in 2022. 3.ĭespite these historic gains, the impassioned "SHIBArmy," which has grown to more than 1 million hodlers, according to wallet address data from Etherscan, is looking for continued upside in their coin in 2022. Put another way, a $2 investment at midnight on New Year's Day would have made you millionaire, as of Dec. That works out to a year-to-date gain of 54,273,873%. But as of this past weekend, six of these zeroes had disappeared and Shiba Inu coin was changing hands for $0.00003962. SHIB tokens could be purchased at midnight on Jan. Yet the real jaw-dropper is meme coin Shiba Inu ( SHIB -3.76%). Shiba Inu-themed coins have been a magnet for crypto investors.
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