Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem.
Two news, one real and one unconfirmed, are key to the rising price of Shiba Inu. In addition, it hoards whales.
The puppy meme coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. Shiba Inu is the talk of the town today because of different news. First of all, there is a confirmed one: it was listed by the oldest crypto exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. in Mexico, Bitso . Secondly, because of a piece of news that although it is a rumor, it has made the price rise: the supposed list of SHIB en Robinhood. As a result, in the last 24 hours, the crypto-canine has an increase of 11.36%, according to the data of CryptoMarkets.
The third news has to do with the whales that hoard SHIB. But let’s go one by one.
SHIBA at BITSO
El exchange Bitso one of the largest cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchanges in Mexico by trading volume, announced via Twitter the listing of Shiba Inu Tuesday, January 11.
????¡Bienvenida Shiba Inu () A @Bitso !???? @Shibtoken is the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. named after the Japanese dog breed ???? which was launched in August 2020 and is competing for a place among the top 10 cryptos with the highest market an area or arena, online or offline, in which commercial dealings are conducted. cap ????.
— Bitso (@Bitso) January 11, 2022
The news was celebrated by several users, some of whom even made their first purchases. But others felt that it was not the best project to list.
However, according to media outlets such as Coindesk But this announcement did little to affect prices, as the trade data shows. What did have an effect was the rumor we will now discuss.
Fundamentally Shiba Inu jumped in price after rumors in Twitter of a quotation on the platform a place to buy, sell and store cryptocurrency Robinhood.
“The Shiba Inu Robinhood listing the addition of an asset or an asset pair to an exchange. is said to arrive as early as February…that’s 6 months later.” said a tweet from ZeroHedge .
SHIBA INU ROBINHOOD LISTING SAID TO COME AS EARLY IN FEB
this is about 6 months too late
— zerohedge (@zerohedge) January 12, 2022
But he was not the only one. Hundreds of tweeters repeated the news.
— Breaking in the world of cryptocurrencies, breaking the forward compatibility of cryptoassets is seen in hard forks of a cryptocurrency. News (@MarketCurrents) January 12, 2022
However, Robinhood has not commented on the matter.
The CEO of Robinhood, Vlad Tenev, had previously denied plans to include Shiba Inu in the influential stock trading app in October 2021. “ It’s about security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. first, right? So we generally won’t be the first to add any new assets. We want to make sure it goes through a strict set of criteria, he said in an interview with CNBC at the time. He also stressed it in November 2021. the chief operating officer of Robinhood .
It is worth noting that Shiba was not the only one to increase, other currencies also increased, such as Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. in 2% and especially Dogecoin by more than 10%, according to the data from CryptoMarkets . This came after U.S. Federal Reserve Chairman Jerome Powell said the state would take steps to curb inflation a general increase in prices and fall in the purchasing value of money. in the coming months.
Whales and SHIB
The media also reported just today that Shiba Inu once it surpassed the USD $1.5 billion threshold in capitalization in whale a term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market. level wallets and became the largest property among the 1.000 addresses Ethereum a decentralized open-source blockchain with smart contracts functionality. largest on the net Ethereum.
According to data provided byWhaleStats , the holdings of Shiba Inu in the wallets of the whales are now valued at USD $ 1.67 billion, says the medium UToday.
Whales have been leaders in acquisition in this period. As the data suggests, the most recent big purchase was made by the “Light” whale which captured almost 60 billion tokens.
Another substantial indicator for tokens such as Shiba Inu, Net Flow, also shows an increase of 135% today. The metric tracks the flow of tokens. Shiba Inu in large directions.
At the time of publication, SHIB is trading at $0.000032. It is worth noting that the daily trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. is up 45% from the monthly average.
SHIBA, one of the currencies with more fans, has given much to talk about in recent months. The latest news is that the AMC movie theater chain reported that it will begin to accept it in March of this year. In December 2021, GameStop announced it would accept it as a payment method. also that month Spanish exchange Bit2me revealed that it listed the cryptocurrency canine . Before that several other exchanges did it, such as Bitstamp, Unocoin y Bitcoin Marketplace among others.
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