News

Shiba Inu Price Down 10%, Robinhood COO Discusses Listing

At today’s Crypto Goes Mainstream live event, Robinhood’s COO Christine Brown discussed Shiba Inu when asked by the host “When SHIB?”

Her response was,

“One of my favorite things is seeing the community around these coins really engage with us and really let us know what they want.”

Further clarifying that when it comes to Robinhood’s strategy about what they are going to list she said, “we’re not going to talk about it.”

Mrs. Brown went on to explain that Robinhood’s strategy is different than its competitors, who are trying to list the latest coin as fast as possible.

Lastly, she mentioned that “the short term gain that [Robinhood] might gain, is not worth the long term trade off for our users.”

You can check out the presentation yourself in the YouTube video below, the Shiba Inu part starts at 12:15.

Related Post

Shiba Inu Price

At the time of writing Shiba Inu is trading at $0.000049. Its been struggling with the support level at $0.00005 throughout the day, peaking at $0.000051 with a low of $0.000046.

In our last night’s Shiba Inu price analysis, we predicted that the market will continue to trade sideways absent any corrections to BTC/ETH.

As we discussed last night, since SHIB is a more speculative coin, it will amplify Bitcoin / Ethereum’s movements, think of it almost like leverage trading. Unfortunately because BTC’s price went down 4-5%, SHIB’s price went down 9-10%. The good news is, the same is true when BTC / ETH’s price rises.

Overall the cryptocurrency market is doing quite well. In fact, the total crypto market cap is currently at $2.7 trillion. At the rate things are going, it wouldn’t be unreasonable to predict a $3 trillion crypto market cap by EOY.

You can’t always have good days in crypto, but you can always keep hodling!

This is not trading or investment advice, always do your own research before purchasing any cryptocurrency.

Follow us on twitter @themerklehash to stay up to date with the latest cryptocurrency news!

Originally published on The VR Soldier

Mark Arguinbaev

I'm a 29 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

Share
Published by
Mark Arguinbaev

Recent Posts

Cheems Surge On BSC Network: A Rising Star With Growing Market Value

The Cheems token on the Binance Smart Chain (BSC) is gaining significant momentum, surging by…

6 hours ago

Lester Token Crashes 40% Following Official Announcement

The value of $LESTER plummeted by 40% in the past 24 hours, leaving its market…

7 hours ago

From $30K To Millions: The Wild Journey Of $Quant And Xiaohaige’s Memecoin Stunts

In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin…

7 hours ago

Whale “convexcuck.eth” Makes Bold $CVX Move, Nets Significant Profit Amid Price Surge

The crypto whale known as "convexcuck.eth" has made waves in the DeFi world, spending $2…

7 hours ago

$ELIZA Token Launch Marred By Insider Trading Allegations

The launch of $ELIZA, a token introduced by Andreessen Horowitz (a16z) partner @shawmakesmagic, has sparked…

7 hours ago

Cardano’s Rally Highlights Diverging Moves Among Investors

Cardano ($ADA) has been making waves in the crypto market, breaking away from the altcoin…

7 hours ago