{"id":487991,"date":"2022-04-12T22:00:24","date_gmt":"2022-04-12T22:00:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=487991"},"modified":"2022-04-12T19:13:37","modified_gmt":"2022-04-12T19:13:37","slug":"how-shiba-inu-soared-20-on-robinhood-listing-watch-out-for-volatility","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/how-shiba-inu-soared-20-on-robinhood-listing-watch-out-for-volatility\/","title":{"rendered":"How Shiba Inu Soared 20% On Robinhood Listing, Watch Out For Volatility"},"content":{"rendered":"<p>Popular brokerage firm Robinhood listed Shiba Inu (SHIB) for its users. After months of rumors about this listing, the platform made it official via its official Twitter handle.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |\u00a0<a href=\"https:\/\/ktsl888.com\/crypto\/robinhood-to-roll-out-crypto-wallets-to-1000-users-in-phase-one\/\" target=\"_blank\" rel=\"noopener \">Robinhood To Roll Out Crypto Wallets To 1,000 Users In Phase One<\/a><\/strong><\/p>\n<p>In addition, the platform announced a $100,000 crypto giveaway to incentive Shiba Inu (SHIB) adoption. Users have a chance at winning a portion of the price by interacting with Robinhood via Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We dropped new crypto \ud83d\udc40 <\/p>\n<p>And we&#39;re giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some \ud83e\ude99 <a href=\"https:\/\/twitter.com\/hashtag\/RobinhoodCrypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#RobinhoodCrypto<\/a><\/p>\n<p>The first 10K quote tweets will receive $10 of SHIB. <a href=\"https:\/\/t.co\/0jsBKYfJvw\" rel=\"nofollow\">pic.twitter.com\/0jsBKYfJvw<\/a><\/p>\n<p>&mdash; Robinhood (@RobinhoodApp) <a href=\"https:\/\/twitter.com\/RobinhoodApp\/status\/91053060?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The announcement had a positive impact on the price of SHIB and the prices for Solana (SOL), Polygon (MATIC), and Compound (COMP). Immediately after, the cryptocurrency began an upward trend from its yearly lows.<\/p>\n<p>Data from CoinGecko indicates that SHIB rose from $0.00002000 to $0.00002680, at the time of writing. This represents more than a 20% increase in the last 24-hours compared to a 1% profit in the past week.<\/p>\n<figure id=\"attachment_487997\" aria-describedby=\"caption-attachment-487997\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-487997 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Shiba-Inu-SHIBUSDT.png?resize=860%2C378\" alt=\"Shiba Inu SHIBUSDT\" width=\"860\" height=\"378\"><figcaption id=\"caption-attachment-487997\" class=\"wp-caption-text\">SHIB rallying on the 4-hour chart. Source:<a href=\"https:\/\/www.tradingview.com\/chart\/molUuyLp\/?symbol=BINANCE%3ASHIBUSDT\" target=\"_blank\" rel=\"noopener nofollow\"> SHIBUSDT Tradingview<\/a><\/figcaption><\/figure>\n<p>As expected, with the price bump, the cryptocurrency experienced an increase in volatility and its trading volume. This could provide dangerous conditions for market participants.<\/p>\n<p>Research firm Santiment records a 30% pump for Shiba Inu (SHIB) making it the best performer of the crypto listed today on Robinhood. Santiment <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/41639686?s=20&amp;t=lJfw1ovWYkgtbr90MVtUCQ\" target=\"_blank\" rel=\"noopener nofollow\">noted<\/a>:<\/p>\n<blockquote><p>Shiba Inu, Solana, Polygon, and Compound were all listed on #Robinhood today. Notably, $SHIB saw the biggest increase in interest, with a +30% pump. Trading volume is high, and all four of these assets should be expected to have very high volatility.<\/p><\/blockquote>\n<figure id=\"attachment_487996\" aria-describedby=\"caption-attachment-487996\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-487996 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Shiba-Inu-SHIB-SHIBUSDT.jpg?resize=860%2C547\" alt=\"Shiba Inu SHIB SHIBUSDT\" width=\"860\" height=\"547\"><figcaption id=\"caption-attachment-487996\" class=\"wp-caption-text\">Source: Santiment via Twitter<\/figcaption><\/figure>\n<p>Additional data provided by Material Indicators (MI) records an increase in buying pressure from retail investors (yellow in the chart below) and from investors with bids orders of around $100,000. The latter seems to be exercising great influence over SHIB\u2019s price action.<\/p>\n<p>Other investors classes (in green and red) with smaller asks orders have been selling into SHIB\u2019s current rally. In the short term, large investors need to push the price to about $0.000028 to potentially see an extension of the bullish momentum.<\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_487995\" aria-describedby=\"caption-attachment-487995\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-487995 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/shiba-inu-shib-mi-2.png?resize=860%2C233\" alt=\"shiba inu shib mi 2\" width=\"860\" height=\"233\"><figcaption id=\"caption-attachment-487995\" class=\"wp-caption-text\">Large investors (in purple below) buying SHIB&#8217;s current rally. Source: Material Indicators.<\/figcaption><\/figure>\n<h2>Shiba Inu (SHIB) To See Launch Of More Use Cases<\/h2>\n<p>In support of the bulls, the team behind Shiba Inu <a href=\"https:\/\/twitter.com\/Shibtoken\/status\/59693568\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> the launch of the first stage of their Metaverse project. This stage has been dubbed Bid Event and will enable LEASH and SHIBOSHI holders to become early investors.<\/p>\n<p>In order to participate, users must connect their wallets to the SHIB.io website. In addition, the community will see more use cases for SHIB.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading |\u00a0\u00a0<a href=\"https:\/\/ktsl888.com\/shiba-inu\/shiba-inu-shib-jumps-50-to-ath-amid-robinhood-rumors\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors<\/a><\/strong><\/p>\n<p>As the team behind the project claimed, the token will be used in their native Metaverse platform for users to perform activities, rename land plots, and lease land. These use cases will burn a certain amount of SHIB which could contribute to the bullish momentum.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular brokerage firm Robinhood listed Shiba Inu (SHIB) for its users. After months of rumors about this listing, the platform made it official via its official Twitter handle. Related Reading |\u00a0Robinhood To Roll Out Crypto Wallets To 1,000 Users In Phase One In addition, the platform announced a $100,000 crypto giveaway to incentive Shiba Inu (SHIB) adoption. Users have a chance at winning a portion of the price by interacting with Robinhood via Twitter. We dropped new crypto \ud83d\udc40 And we&#39;re giving away $100K of it. Quote tweet this tweet with your Robinhood Username (@ included!) to get some \ud83e\ude99 #RobinhoodCrypto The first 10K quote tweets will receive $10 of SHIB. pic.twitter.com\/0jsBKYfJvw &mdash; Robinhood (@RobinhoodApp) April 12, 2022 The announcement had a positive impact on the price of SHIB and the prices for Solana (SOL), Polygon (MATIC), and Compound (COMP). Immediately after, the cryptocurrency began an upward trend from its yearly lows. Data from CoinGecko indicates that SHIB rose from $0.00002000 to $0.00002680, at the time of writing. This represents more than a 20% increase in the last 24-hours compared to a 1% profit in the past week. As expected, with the price bump, the cryptocurrency experienced an increase in volatility and its trading volume. This could provide dangerous conditions for market participants. Research firm Santiment records a 30% pump for Shiba Inu (SHIB) making it the best performer of the crypto listed today on Robinhood. Santiment noted: Shiba Inu, Solana, Polygon, and Compound were all listed on #Robinhood today. Notably, $SHIB saw the biggest increase in interest, with a +30% pump. Trading volume is high, and all four of these assets should be expected to have very high volatility. Additional data provided by Material Indicators (MI) records an increase in buying pressure from retail investors (yellow in the chart below) and from investors with bids orders of around $100,000. The latter seems to be exercising great influence over SHIB\u2019s price action. Other investors classes (in green and red) with smaller asks orders have been selling into SHIB\u2019s current rally. In the short term, large investors need to push the price to about $0.000028 to potentially see an extension of the bullish momentum. &nbsp; Shiba Inu (SHIB) To See Launch Of More Use Cases In support of the bulls, the team behind Shiba Inu announced the launch of the first stage of their Metaverse project. This stage has been dubbed Bid Event and will enable LEASH and SHIBOSHI holders to become early investors. In order to participate, users must connect their wallets to the SHIB.io website. In addition, the community will see more use cases for SHIB. Related Reading |\u00a0\u00a0Shiba Inu (SHIB) Jumps 50% To ATH Amid Robinhood Rumors As the team behind the project claimed, the token will be used in their native Metaverse platform for users to perform activities, rename land plots, and lease land. These use cases will burn a certain amount of SHIB which could contribute to the bullish momentum.<\/p>\n","protected":false},"author":535,"featured_media":463543,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[83668,83667],"class_list":["post-487991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>How Shiba Inu Soared 20% On Robinhood Listing, Watch Out For Volatility<\/title>\n<meta name=\"description\" content=\"Popular brokerage firm Robinhood listed Shiba Inu (SHIB) for its users, after months of rumors about this listing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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