- A Change.org petition asking for Shiba Inu listing on Robinhood now has 258,919 signatures out of the 300,000 required.
- A listing on Robinhood means more achievements for SHIB in terms of increased adoption, trading volume, market cap, and more.
A petition for Dogecoin rival Shiba Inu listing on Robinhood is nearing the total 300,000 signatures required. At the time of writing, the Change.org petition has 258,919 signatures with less than 50,000 signatures to go. More people keep signing, and it appears that the target number of signatures is within reach.
Shiba Inu has been recording gains over the past months. The Dogecoin killer, which was launched by a pseudonymous developer, increased in popularity after it climbed 315 percent within a week. In addition to the coin’s growth, several crypto exchanges have listed Shiba Inu on their platforms in the last two months. Some of the popular exchanges that list SHIB include Binance, Crypto.com, and Coinbase.
Change.org petition asks Robinhood to add Shiba Inu
According to the petition, Shiba Inu is a “similar meme coin” with genuine potential as Dogecoin. According to the person that started the petition for Shiba Inu to be listed on Robinhood, as investors have enjoyed the ride with Dogecoin, SHIB should also be given a chance.
The petition stated:
Shiba has just been listed on Binance, and its momentum grows by the hour. Half the questions when we log into trading forums ask “How can I buy Shiba??” Let’s encourage Robinhood to be the first traditional brokerage to get on this train! Thank you.
Coinbase listed SHIB through another petition that got more than 41,000 signatures. Since the Coinbase listing, Shiba Inu has been pulling in impressive daily trading volume. Before the listing, SHIB was recording around $0.5 billion 24-hour trading volume. However, there was an upturn as Coinbase announced the SHIB listing. The coin began to see an average of $2 billion in its daily trading volume.
Shiba Inu relies on memes and drama for increases, just like Dogecoin. At a market capitalization of over $11 billion, the cryptocurrency is currently ranked 19th largest coin by market valuation. Living up to the petition’s statement as a “meme coin with genuine potential,” Shiba Inu has advanced more than 200 percent since last month.
SHIB to surge further after possible listing on Robinhood
If Robinhood eventually lists Shiba Inu on its platform, the coin is positioned to garner more significant gains. Following the possible listing, the Robinhood app has several US users who will begin to invest in Shiba Inu.
Apart from the request for Shiba Inu on Robinhood, the Shiba Inu group has other petitions. One of the petitions is for the addition of SHIB as a payment token on Apple, Bitso, and eToro exchange listing. Additionally, the community is requesting for SHIB listing on the Gemini exchange.