Shiba Inu is still popular among the community. However, this does not help, because the meme coin has been in a downward trend since the beginning of the month. It has fallen nearly 50% from its all-time high to a point where it is now around $ 0.00005. There’s not much to say except that the hype has died down. However, social network metrics do not seem to support this idea.
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Shiba Inu na Twitteru vede
The discussion about meme coin dominated social networks. Interest in Shiba Inu has increased since the beginning of the growth that led to the asset reaching several new historical highs. Top platforms like Facebook and Twitter have been flooded with #SHIB. However, Twitter recorded the most activity in this regard.
Shiba Inu dominated Twitter for most of October during its growth. November started badly, as we mentioned, but it doesn’t seem to affect how many people talk about the asset. According to ICO Analytics, SHIB is the most discussed cryptocurrency on Twitter. Shiba Inu dominates all discussions about cryptocurrencies on the web, with 22% of the discussions around the top 20 coins concerned SHIB.
On the platform, it quickly overtook competing Dogecoin, which had only 4.8% of the total discussions. The top cryptocurrencies on the market were not left out either. Bitcoin and Ethereum are always at the forefront of all crypto discussions on Twitter, but compared to 22% SHIB, BTC and ETH recorded only 7.2% and 8.1%. As a result, Shiba Inu is the undisputed king of Twitter’s crypto.
Zalistuje Robinhood SHIB?
Petition has been active for months, collecting more than 528,000 signatures. This number would be enough to attract the attention of any institution, and it would happen. Robinhood heard the SHIB community clearly.
High hopes arose among Shiba Inu holders after Robinhood sent out a survey asking its users which cryptocurrencies they would buy and adding SHIB to the list. Many saw this as a sign that the business application was preparing to list the meme coin. However, Robinhood’s attitude is not positive.
COO Robinhood, Christine Browne, commented on the company’s stance on listing SHIB, noting that Robinhood is careful about placing volatile coins on its platform. We add that trading in these coins may be dangerous for users and / or may violate compliance.
“Our strategy is a little different from many other players, who are now competing to find as many assets as possible. We think the short-term profit we could make is not a long-term compromise for our users. ”
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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
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