2 years ago
Shiba inu (SHIB) jumped 16% connected Thursday, starring the gains among large cryptocurrencies, amid rumors of listing connected Robinhood.
Shiba inu prices reached arsenic precocious arsenic $0.00003 during aboriginal Asian hours connected Thursday earlier a selloff. Shiba inu is the thirteenth-largest cryptocurrency with a marketplace capitalization of $17 billion.
Price-charts suggest the determination followed a bounce from resistance-turned-support levels of $0.000027. However, the tokens remains successful a broader downtrend, arsenic prices person dropped 62% since reaching all-time highs of $0.00008 successful October 2021.
Shiba inu prices surged aft rumours of a Robinhood listing did the rounds connected societal media. (TradingView)
The terms bump came soon aft rumors of a listing connected Robinhood did the rounds connected Twitter.
“Shiba Inu Robinhood listing said to travel arsenic aboriginal arsenic Feb,” a tweet by concern quality grip ZeroHedge read. Robinhood did not instrumentality requests for comment.
Robinhood CEO Vlad Tenev antecedently denied plans for listing shiba inu connected the influential banal trading exertion successful October 2021. “It goes backmost to information first, right. So we’re not mostly going to beryllium the archetypal to adhd immoderate caller asset. We privation to marque definite that it goes done a stringent acceptable of criteria,” helium said successful an interview with CNBC.
Additionally, shiba inu was listed connected Bitso, 1 of Mexico’s largest crypto exchanges by trading volumes. However, the announcement did small to impact prices, trading information shows.
The bump successful shiba inu saw different memecoins, specified arsenic dogecoin (DOGE), gaining arsenic overmuch arsenic 14% successful the past 24 hours. Baby doge and floki inu, 2 meme tokens issued connected the Binance Smart Chain, surged 10% successful the aforesaid period.
The surge successful shiba inu came connected the backmost of a broader betterment successful crypto markets aft astir a week of declines. Bitcoin roseate to the $43,000 level connected Wednesday arsenic Federal Reserve seat Jerome Powell said the authorities would instrumentality measures to curb ostentation successful the coming months, arsenic reported.
Shaurya is an analyst/editor for CoinDesk's markets squad successful Asia.
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