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Robinhood Talks About Shiba Inu: What’s the Buzz?

Robinhood’s European crypto division sparked a lively X thread to delve into Shiba Inu. Drawing from BTCC’s Crypto Academy, the post, named “Let’s Talk SHIB–One of Crypto’s Most Popular Stories,” recounted Shiba Inu’s journey from launch to its current community-fueled triumph.

  • Robinhood Spotlights: What’s Behind Shiba Inu’s Rise?
  • Shiba Inu’s Soaring Success: What’s Driving the Hype?
  • Robinhood Adds SHIB: What’s the Impact?
  • Will Shiba Inu’s Price Soon Hit a Record High?

Robinhood Spotlights: What’s Behind Shiba Inu’s Rise?

Robinhood Crypto Europe has shed light on the journey of Shiba Inu, revealing its origins and subsequent developments. On July 31, 2020, Ryoshi, a pseudonymous developer, brought Shiba Inu into existence, introducing an initial supply of a staggering 1 quadrillion tokens. In a remarkable move, Ryoshi presented half of this supply, equivalent to 500 trillion SHIB, to Vitalik Buterin, the co-founder of Ethereum. Robinhood emphasized that Shiba Inu was conceived as a community-driven token, reflecting a deep commitment to decentralization. Since its inception, the Shiba Inu community has spearheaded several notable ventures, including the Shibarium Layer-2 scaling blockchain, the ShibaSwap decentralized exchange, and an exciting metaverse project.
Robinhood, a top trading platform, highlighted Shiba Inu’s impressive community leadership, noting their plans to introduce an NFT marketplace. This innovative move underscores the project’s forward-thinking approach and strong community support, showcasing Shiba Inu’s potential in the cryptocurrency and NFT space.

Shiba Inu’s Soaring Success: What’s Driving the Hype?

Shiba Inu has proven its resilience in the crypto market, defying expectations and standing the test of time. Despite Ethereum co-founder Buterin’s move to burn 410 trillion of his SHIB holdings, anticipating a 100x crash, the token has surged to new heights. From its initial trading price of $0.000000000056, Shiba Inu has experienced a remarkable growth of over 157 million percent, reaching an all-time high of $0.00008845. This success story is a testament to the token’s staying power and potential in the volatile world of cryptocurrencies.

Robinhood Adds SHIB: What’s the Impact?

Robinhood, a leading trading platform, has listed Shiba Inu as one of its crypto assets, despite its rigorous listing criteria. The token, which made its debut on Robinhood’s U.S. platform in April 2022, has since expanded to other markets. Recently, in November 2023, Robinhood extended its crypto services to Europe, including SHIB in its supported asset list. Notably, Etherscan data reveals that Robinhood currently holds over 47 trillion SHIB, making it one of the largest holders of this popular cryptocurrency.

Will Shiba Inu’s Price Soon Hit a Record High?

The road to a new peak for the Shiba Inu meme coin still seems long, with its current price hovering over 80% below its all-time high of $0.000088. A machine learning algorithm has crunched the numbers and revealed its long-term forecast, indicating that SHIB may not reach a fresh summit in the coming five years. Instead, the highest point it predicts for the coin is $0.00148, a level that could be attained sometime around 2029. As for the anticipated bull run in 2025, the algorithm suggests a more modest ceiling of $0.00006286. Investors and enthusiasts alike will have to wait and see if these predictions pan out or if Shiba Inu can surprise with an earlier breakout.

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