Shiba inu (SHIB) bounced 16% on Thursday, driving the increases among significant digital currencies, in the midst of rumors of a listing on Robinhood. Shiba inu costs came to as high as $0.00003 during early Asian hours on Thursday before a sell-off. Shiba inu is the thirteenth-biggest digital currency with a market capitalization of $17 billion.
Shiba inu costs flooded after rumors of a Robinhood listing did the rounds via online media. The value surge came after rumors of a listing on Robinhood did the rounds on Twitter.
Robinhood CEO Declined Plans for Listing Shiba Inu
Robinhood CEO Vlad Tenev recently denied plans for listing shiba inu on the influential stock exchanging application on October 2021.
Also, shiba inu was recorded on Bitso, one of Mexico’s biggest crypto trades by exchanging volumes. Notwithstanding, the declaration did barely anything to influence costs, exchanging information shows.
Price data showed the move followed a skip from resistance-turned-support levels of $0.000027. Be that as it may, the tokens stay in a more extensive downtrend, as costs have dropped 62% since arriving at unequaled highs of $0.00008 in October 2021.
Bounce in Shiba Inu Led to Gains in Other Memecoins Also
The bounce in shiba inu saw other memecoins, for example, dogecoin (DOGE), acquiring as much as 14% in the beyond 24 hours. Child doge and floki inu, two image tokens gave on the Binance Smart Chain, flooded 10% in a similar period.
The flood in shiba inu returned on the of a more extensive recovery in crypto markets after almost seven days of decreases. Bitcoin rose to the $43,000 level on Wednesday as Federal Reserve chair Jerome Powell said the state would go to lengths to control inflation before very long, as revealed.
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