How High Will Shiba Inu Go After Being Listed on Robinhood?

Vinod Dsouza
Robinhood Listing Shiba Inu
Source: Pixabay

Robinhood has finally listed Shiba Inu on its platform and the token is now available for trading. The leading exchange confirmed through a tweet that they’ve added SHIB to trade and transact. “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.”

The SHIB community is thrilled with the news of Robinhood listing Shiba Inu. Their voices are finally heard after eight months since the ‘Hey Robinhood When SHIB?’ phrase began. The listing speculation first started in August 2021 and eight months later, Robinhood finally heard the community’s voice.

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How High Can Shiba Inu Go After Robinhood Listing?

1. A Big Spike in Price

Shiba Inu Robinhood
Source: Watcher Guru

As soon as the listing announcement was made, SHIB spiked +25% and the token could zoom further in price today. In fact, Bitcoin is still down and SHIB has shot up double digits in the charts. A sense of euphoria has hit the SHIB community and the token is now displaying extreme bullish sentiments.

The classic ‘fear of missing out’ (FOMO) has hit investors who stayed away from the token. Everyone are now barging into their trading apps to buy the crypto and its price is shooting north. It won’t come as a surprise if SHIB crosses +50% today and go further in its price.

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2. The Listing Opens the Floodgate of New Users into SHIB

shib shiba inu robinhood
Source: Facebook

Robinhood boasts of 22.5 million verified users on its platform generating close to $700 million in income revenue. Even if 10% of its users decide to buy Shiba Inu, that would make it 2.25 million users transacting SHIB on the very first day. In addition, when more users decide to buy the token over the span of the week, the numbers would almost double.

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It is expected that atleast 4 million users could buy and transact SHIB on Robinhood this month. The platform has opened the floodgates to new customers to buy Shiba Inu and the token could maintain its price jump throughout the month.

The last time SHIB went parabolic was in October 2021, where it spiked +1,000% in 30-trading days. Could there be a repeat of the same feat again? Well, you never know as there are chances for it to have a mirror reflection of its glorious run in October.