Home Altcoins News Can SHIBA INU (SHIB) Reach 1 Cent? Forget 1 dollar? Will Robinhood Listing Work Magic?

Can SHIBA INU (SHIB) Reach 1 Cent? Forget 1 dollar? Will Robinhood Listing Work Magic?

Can SHIBA INU (SHIB) Reach 1 Cent Forget 1 dollar Will Robinhood Listing Work Magic
  • SHIBA INU All time High was at 0.000086 USD
  • Forget the Dollar At least a Penny For SHIB
  • Will Robinhood Listing be a reality for SHIB
  • No Yes from Robinhood for SHIB Yet

The market dominance of Bitcoin is at 0.75% The price of SHIB at the time of reporting has been trending in the range of $0.00001744 through $0.00002334.

The expectation of SHIB investors is that the price of the token should touch $1.  However, in practical terms if the price of SHIB touches $1, the market capitalization would be roughly 650 times the market cap of Bitcoin.  This is not going to happen.  The all-time highest price ever paid for Shiba Inu was 0.000086 USD. This ATH price was set on October 27th, 2021.

Forget the Dollar At least a Penny

Can Shiba hit a penny? As Shiba increases higher and higher in market value, it will be difficult for it to double 10x considering the market cap factor.  If Shiba should hit 1 penny it should have a market cap of 5.8 trillion dollars.  And, that is not going to happen.  Shiba INU is known as a penny token, but wondering if it will ever touch the penny.

Shiba INU appreciated by 2,50,00,000 per cent in the past year; however, will that trend repeat?  Probably not, considering the fundamentals.  It is like every dog has its day and SHIBA had its day and time already and it is not going to happen again unless they are going to come up with some new use case or new story to keep the show interesting.

Coaxing the Crowd with Robinhood Listing

So, the fuel they are now trying to use to keep SHIBA INU interesting – is the Robinhood listing.

“The news that Shiba will be listed in Robinhood is keeping investors hopeful about sticking on to Shiba INU”

Is there any magic that will happen with SHIBA if they get listed in Robinhood? Robinhood provides free stock, options, ETF and cryptocurrency trades, and its account minimum is $0, too. Mutual funds and bonds aren’t offered and only taxable investment accounts are available.

Although, the low fees and usability are sure to hook users, investors are trying to be wary of Robinhood. In recent years, Robinhood has faced regulatory fines, public scrutiny, and lawsuits.

Robinhood did not Say Yes to SHIB

So, Shiba INU getting listed in Robinhood is a big deal. Robinhood has not decided to add Shiba Inu yet, whether it will happen is dependent upon the token’s price.

Thinking with a grain of salt – will a mere Robinhood listing work for SHIB? Well, there has been no logic in the cryptocurrency space so far about why the price of an asset would escalate and why? So, may be listing SHIB would have the price rocketing up and those who know to make profits by making use of trends would still continue to complain about the price going up and down and those who know to make hay while the sun shines are going to make it.

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Julie J

Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.

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