Shiba Inu Coin Announced 100 Trillion SHIB Token Burn And Price Will Hit $0.1 soon!!
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Crypto enthusiasts are actively promoting the Shiba Inu after seeing the hype behind Dogecoin die down a bit. Musk, the man who helped in the creation of a reality where Shiba-themed tokens are a thing, has now become the leading man for SHIB price changes as his pet is now an internet favorite.
Shiba has become the top gainer in the top 50 cryptocurrencies. The coin has gained interest on social media and Google, which could be a positive event, along with the rising availability of the cryptocurrency.
Shiba Inu got major exposure after Coinbase added it. This brought the coin with thousands of new investors. Before being on Coinbase, investors had to trade the coin using Uniswap or a related platform, which is more complex for newer cryptocurrency traders.
Shiba Inu is rising in interest by over 600% in Google trends with the top search “will SHIB reach 1 cent"? On Twitter, Shiba is one of the top 10 tokens. The increased searches are indicating an entry position by new investors. Volume too is up by triple digits.
Historically, the adoption of a coin brings it with major gains. A new listing combined with a breakout of search interest, trends on social media is likely to keep the coin on the bullish train for a while.
The title-tattle that Robinhood will include Shiba Inu when it rolls out its official cryptocurrency wallets could come true with such an increase in retail interest for the coin.
Dogecoin started the year under 1 cent and later grew to over 70 cents. The coin yielded big gains, all thanks to several factors, including prolonged retail trader interest, strong celebrity adoption, and being readily available.
Robinhood has been offering Dogecoin to its customers since 2018. Other well-known crypto stages that got quick on Dogecoin listing are Coinbase, Webull, and eToro. The coin was added to the stages on grounds of increased retail demand.
A similar case could play out with Shiba Inu as the coin trends and gains
interest from retail crypto traders. Shiba Inu is offered on eToro, Webull, and Coinbase.
The meme coin now has over 700000 holders, all awaiting the SHIB listing on the Robinhood exchange. Rumors of the token’s listing on Robinhood are doing the rounds every few weeks, impacting SHIB price positively.
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