Will Shiba Inu Dethrone Dogecoin Over Robinhood Listing Rumours

January 2022 has brought exciting news for fans of both meme-based crypto tokens Shiba Inu and Dogecoin! With Tesla announcing selling merchandise for DOGE, and the latest, buzzing rumor of Robinhood potentially listing Shiba Inu on their crypto-trade platform! The rumors have sent SHIBA price to jump by 13%! Forecasting higher rises for the crypto in the long term compared to the rise of Dogecoin.

The question of whether Shiba Inu is truly about to become the ‘Dogecoin Killer’ as it is referred to, and whether it’s really going to ‘dethroned’ DOGE and other cryptocurrencies by market cap value are yet to be answered this 2022. But looking at the statistics, the Robinhood rumor on its own spiked the crypto assets.

The fans community of Shiba Inu has grown over 2021 alone with 1.1 million crypto holders of the meme coin. Which resulted in a 24,000,000% rise within a year. The listing of Shiba Inu on Robinhood would definitely result in a boost in the demand for the crypto coin, and in market cap value increase.

Robinhood is indeed one of the best crypto exchange platforms and thousands of crypto customers and crypto online gamblers prefer to use it because of being beginner-friendly, shockingly fast, with 0% commission fees. Thus the news of Robinhood and Shiba Inu working together came as a big excitement!

Petitions for implementing Shiba Inu on Robinhood have been running for months. Change.org petition gathered 550,000+ signatures, which led to the company making an announcement on the matter, considering future SHIBA listing.

However, Robinhood yet remains undecided on whether they are about to list Shiba Inu tokens to their platform officially. Jason Warnick, the chief financial officer of the company, has stated they need a bit more clarity on the matter but have paid attention to the signed petitions and listing requests for Shiba Inu implementation to the trading platform from users and fans. CFO Network Summit, said ‘we’ll keep our options open to the Wall Street Journal.

A news bit by the business news website suggesting Robinhood could add Shiba Inu to the platform somewhere in February resulted in a huge rise of above 16% of SHIBA. The sudden spike has resulted in the crypto passing, for a short 24 hours period, Dogecoin and entering the top 10 cryptocurrencies by market cap value. Robinhood did not address these rumors or submitted a comment.

Currently, Shiba Inu has a price of around $0.000028, with trading volume of around $310,864,738, and $15,747,826,198 market cap value. The rumors on their own of Robinhood implementing the Shiba Inu crypto have resulted in a huge value increase, so now may be the best time to invest in SHIBA!