6 days after itemizing on Robinhood, Shiba Inu has turn out to be essentially the most offered cryptocurreny on Robinhood, the fee – free funding and buying and selling platform.
On April 12 2022, Robinhood introduced that it had listed the meme coin alongside Compound, Polygon, and Solana on the market on its crypto platform.
Following the itemizing, Robinhood stated the brand new belongings are in the stores and promote now on the Robinhood app. Nonetheless, deposit and withdrawal received’t be obtainable instantly for these belongings however that functionality is coming quickly.
The caveat didn’t appear to sluggish Shibu lovers who’ve raced to make the crypto asset the most-traded asset on Robinhood.
As of this writing, Shiba is promoting at $0.00002409 and commanding a market cap of over $13.3 billion on CoinGecko the place it’s general ranked 15 on the crypto rankings.
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What’s Shiba Inu?
Shiba Inu (SHIB) is an Ethereum-based (ERC-20) token that’s hosted on the Ethereum blockchain.
It was launched as a substitute for Dogecoin (DOGE) in August 2020 by an nameless particular person or group beneath the identify Ryoshi. In keeping with its founders, it was created as an experiment in decentralized spontaneous group constructing.
A memecoin is the crypto analog of memes and got here into being as a less expensive Bitcoin substitute.
Shiba Inu is predicated on the primary memecoin, DogeCoin.
Shiba Inu is a kind of a canine behind the meme and its web memes have turned out to encourage a number of cryptocurrencies, particularly DogeCoin and Shiba Inu, which at the moment are value over $70 billion.
Other than DogeCoin and Shiba Inu, a number of the hottest memecoins embody:
- Dogelon Mars
- Shiba Inu
- Floki Inu
- SamoyedCoin
- Wakanda Inu
- DogeCoin
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RECOMMENDED READING: Africa’s Meme Coin, Wakanda Inu, Commissions Borehole Water in Rural Nigeria
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Thanks on your assist by serving to us create content material:
BTC handle: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT
ERC20 Deal with: 0x03139524428e40E31f13909f8D994C915FB91277
SOL handle: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb
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