Bitcoin Forum

As many of you have noticed Shiba Inu has risen since the beginning of the month of October, but not as much as any other coin. So it flew under the radar of many who collect alt coin and trade them.
But since last night it has risen 30%.
So what is the reason for this epic surge while other coins including bitcoin has been tanking as much as 10% in the past week?
As CNN business had reported today it is because there is a petition to have it listed on the Robinhood trading platform.
https://www.cnn.com/2021/10/27/investing/shiba-inu-coin-price-record-robinhood-hnk-intl/index.html

Before yesterday it had been up 436% in the past month.
Which is a huge amount for just a meme of another fallacious coin known as dogecoin.

I agree with you. Why is Shiba inu increasing so much where BTC is now stable. What is the number of their customers. Or so much increase for new exchange list.

What is happening with Shiba Inu is called pure gambling and speculation. As this meme coin was backed by few celebrities and Vitalik himself,  it gained a quick popularity which was pretty unexpected by many. And now that it has gained a huge popularity, people are trying to get that listed in exchanges. What I foresee, it will eventually become listed, either in Robinhood or in any other exchanges because it brings money to the exchanges. So I see further upside potential in this coin. Good for short term gambling!

According to their tweet (https://twitter.com/Shibtoken/status/1424117621016891395), the developer has partially burned the supply. We all know that community based coins will only rely on "burning" to drive their potential price.

Another source (https://cryptopotato.com/shiba-inu-shibs-upcoming-nft-drop-what-you-need-to-know-about-shiboshis/) also said that they are currently have a plan to issue 10,000 NFT and will again be burning more tokens by leveraging that NFT.
By the way, this is the petition page referred to news in OP
https://www.change.org/p/robinhood-convince-robinhood-they-will-prosper-if-they-list-shiba-inu-coin

Haha before judging shiba you need to take some minutes off your time and do good research on the project, this token isn't like doge coin and no it's not base on hype and speculation like what someone said on here, shiba is more than a meme coin and if Dogecoin can worth 0.25$ today I believe shiba will do better, shibaswap is also well embraced too, NFTs are out already

Someone I was talking to earlier was saying they bought $200 of shib a month ago and had 6 million of these coins. So according to the 952% pump since then he is laughing.
Just seen this youtuber talking about the same thing with their promo of the clip's splashscreen showing if you bought $8000 of the coin at the beginning of the last month you would have a six million dollars worth of it now.
https://i.ibb.co/StBzm5K/ShiBmoon.jpg (https://ibb.co/qNpvg7R)
https://www.youtube.com/watch?v=HK9miD59e50

There are 345 million shib inu in circulation last I checked so there should be a burn of these coins later in the year. As noorman0 had mentioned happened already.

Actually, I watched an interview of one famous trader yesterday and he said that he had to change his opinion about shiba when he did a close and careful research of it recently. He noticed that this project was not so empty like I used to think. It is building a big community and developing plans about releasing their own NFTs, so I think that we shouldn't take shiba as a meme coin any more.

Possibly many have been questioning shiba Inu great run but we all knew how inappropriate a shitcoin goes viral like this which beat a lot of fundamentals coin. I myself can't believe with the pump but of course let's congratulate those who have hold it cause they deserved such fortune for trusting a memecoin.

I did notice too several top named traders on youtube had said they have changed their opinion on it just being another shitcoin and it can community driven things since so many have adopted it and it has easier access to actually own it with coinbase.
Didn't know it was developing it's own brand of NFTs though.
Thanks for the update of its progress on the thread.

Yeah, those heavily invested into crypto know the fly by nights which only last a few months then disappear.
Safemoon anyone?

Those who have bought a ton and just having it sit on their exchange accounts would be surprised once they log in.
Having a balance of a few dollars would be in the hundreds.
A few youtubers were even saying yesterday that Shiba Inu has flipped dogecoin.
I am not certain what that meant because I am sure doge has more of a marketcap then this offspring project. Which has been around for maybe a year if not less.

Shiba inu is really flying last few days and many people miss the opportunity because of doubts if it will gonna stay for long or just a false break out only as it very know for hype only, but it's really amazing to see that it continue to break new ATH this month and how many people celebrating before it made a correction.. Probably most people underestimate shiba and now because of that news they are now scratching their head because they miss the opportunity to make a good return with such meme coin. Lol

IMHO, I believe there's nothing new about it and this is how crypto works and react to such good news, the investors think that it might be a good opportunity to speculate Shiba Inu and hoard it because of that possible Robinhood listing, then that's the reason why it was pumped so fast, but I think the risk is also high because of overbought issue Im sure there will be a sideways in that sudden pump due to that so-called petition about possible Robinhood listing. that's why those who join the FOMO run just keep an eye on the situation.

One of the reasons for the soaring price of the shiba Inu this past week was indeed because of a petition asking for the Shiba Inu to be included in Robinhood trading, many think that the shiba Inu meme coin will also follow in the footsteps of Dogecoin as its predecessor. it turns out that the meme coin hype is still very big among crypto lovers.

I'm sure shiba inu will still go up ahead of listing on robinhood, there's still a 100% increase potential but I'm not sure if shiba will touch the price of 0.01 dollars.
the attention of traders is currently busy on shiba coins, save your shiba strong before regretting friends

I am not a developer and do not value the technical approach to meme coin development like Shiba.  But in fact, I've come to realize the "key" of Robinhood taking advantage of the opportunity for organizations to take over Shiba differently.  An entity with excessive IMOs outside of the typical technical/product development range will not be able to secure value development long enough.  In fact, I was quite impressed with the bullrun between Doge and Shiba today, very interesting but in terms of appearance, I wouldn't be the moth to rush into this meme war.  Lol

That is the most it can ever reach according to it's creator in the whitepaper.
Imagine all it took was a picture from Elon showing his puppy of this kind of dog on his twitter feed to get it all going:
https://i.ibb.co/0rSYMpG/shibainu.jpg (https://ibb.co/bXZNBjK)

i agree with you on this now the shiba inu coin is increasing rapidly it's like a mad dog that has escaped from its cage and can't be controlled, this may be one of the reasons why it In addition, the Shiba Inu coin is one of the coins with a huge increase in value this year, is there a strong force or investor behind this coin?.

Quite right on point with that statement.
They are pushing hard to profitize while the spotlight is on the meme coin craze along with NFT where they are both centralizing their advertisements on.
https://cryptopotato.com/memecoin-floki-named-after-elon-musks-dog-advertised-on-londons-public-transport
https://i.ibb.co/hFsNgck/Floki.jpg (https://ibb.co/MknHgfb)

I'm not an investor of this token but I actually believe this because I have read somehow its details from its woof whitepaper. I may or I may not invest just to stake some Shib, I have seen one user on youtube telling he had invested just $100 but profited more than $1800 after this rally. He must have patiently waited for the moment and successfully made it.

I can see there are side projects for Shib mentioned on their roadmap, quite impressive that it looks to be like a meme shitcoin but has great plans ahead.

Honestly, I was surprised for what is happening now into shiba Inu this past a couple of days.
Where just last week I sold SHIBA around 3.5M at the price of 0.000028$ then I was shocked it jumped up
into 0.00004$ up to 0.000088$ something like, so I decided even it is a meme coins, I will continue to buy and hold this
in the long term until 0.01$ reach it.

I do wonder whether these meme coins are worth investing at all. It has never been my choice to invest in any of them, and nothing even Dogecoin itself. Although it is usually not bad for people who takes their position before the ride starts because they always get to make a lot more profit before it is over. Looking at the price of SHIB in the past two months now it is over a thousand percentage, which is really huge.

So, imagine those that got in the very first time, it’s a huge turn up for them. But then if you look at it other way round, you’d come to know that meme coins are totally a joke, or is SHIB going to be any different?

I've collected some videos of youtube altcoin traders I have been following during this bull run of the coin.
There is even a guy who comes off as a preacher who have been influncing his over 1.5mln followers on why they should invest some into this phenom of a cryptocurrency so not to miss out on the run up like dogecoin.

It certainly is an interesting time for all who are involved in cryptocurrency.
That is for sure! 8)

While watching a stream they ran a commercial which they featured doge messaging Shiba inu. It is for Bitget, a Singapore exchange which started advertising it's service to the US in the past couple of months. I think they are sponsors to a professional football club. Because I remember seeing their logo on a team shirt this past weekend while watching a match.
Here it is if you didn't see it yet:
https://i.ibb.co/nk6b5xJ/Shib-Vs-Doge.jpg (https://ibb.co/PCFNfqH)
https://www.youtube.com/watch?v=wx4eHnhHqlE

Another one I just noticed while searching for this commercial. From Bitplaza.
Is that Matos from bitconnect? :D
https://www.youtube.com/watch?v=3YWfyr-qh_k

The key message of Shiva Inu as Doge coin killer resonate so much with Shiba inu fans and supporters, they literarily want to replace even bitcoin as I have several of they speculating Shiva to trade for $1 with it's humongous supply! Robinhood listing rumour does not help matters either!

With Floki Inu being in the news recently with their promotion of this coin taking full on in London, there has been a video just released from the creators of this coin talking about how it all went down with one of the team members taking millions of investors funds and running.
Here is the video:
CONFRONTING FLOKI INU TEAM MEMBER
https://i.ibb.co/F5MDr6s/Floki-Scam.jpg (https://ibb.co/dPq5TBb)
https://youtu.be/KLn4APHmqx4

But are you sure that Shiba Inu will replace Bitcoin ? I'm not sure about that myself and even Dogecoin has overtaken the position that the Shiba Inu once took this year, so do you imagine that Shiba Inu is a world changer who has become very powerful ?

Shiba Inu was created and introduced as Doge Killer. And somehow they succeed. Shiba Inu was no. 9 CryptoCurrency among them all crypt of while Doge was No. 10. But, Recently Shiba Inu lost that place to Doge again.

I think Shiba Could beat Doge in no time.

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[moderator's note: consecutive posts merged]

Shiba inu making better business minded partnerships with huge retailers in the North American market is a better move than plastering signs up in the UK tunnels.
https://i.ibb.co/1MKZSk0/Shib-Blbrd.jpg (https://ibb.co/xYGh4N2)
https://cointelegraph.com/news/online-electronics-shop-newegg-to-accept-shiba-inu-crypto-during-holidays

Right. But, a few weeks ago Shiba army created an HYIP that Robin Hood going to list Shiba Inu soon. So, the price was increased sky high and we saw the All-time High. And we all know what was happened after that. Robin Hood said they don't need The Shiba Inu and the market crashed dramatically. LOL.

Planning on making a purchase on newegg for their boxing day week near the end of the month.
So will give this method a try with them accepting Shuba Inu as a form of payment for their products.
Will report back with the results. Whether it be good or bad.

Wait, What? NewEgg Accept Shiba Inu? I never knew that? Unfortunately, NewEgg Doesn't support my country (they don't do shipment here). So, I am not able to buy anything from the NewEgg. I know sometimes they offer GPU's on MSRP. I wish they support my country. Anyways, If they accept Shiba Inu As a payment method. This is must be a good achievement for Shiba Inu. What do you think?

Yes Newegg now accepts shiba inu as means of payment, isn't that a good news for shiba? Well all thanks goes to the community because without strong believe from the community this can't be possible, all I can say is shiba can still dumps alot if bear market comes, I've sold my bags at 07 and I will buy back in bear market, shiba is indeed a long term project that one can hold unto

It's nothing but a petition only to get Shiba listed on Robinhood while most of the Shiba army promoted this news as Shiba got listed in Robihood. This is ridiculous how people made the newcomers fool. This news popped up my social media for a quite long time.

A very large youtube crypto influencer announced just before the start of the new year that he was selling off all his ripple(xrp) and putting some into shib.
Could it be he had weak hands due to the law-suit against ripple and it coming out with a verdict next month?
https://i.ibb.co/4S45yCb/XRPSelloff-For-Shib.jpg (https://imgbb.com/)
https://twitter.com/Davincij15/status/1475150277216976901

It is an interesting turn of events concerning this altcoin for certain.

The issue of the shiba inu to listing on Robinhood, lately has been very intensely discussed, I hope they will list shiba inu in the near future.

They have now a Shiba Inu DAO with rewards given such as bone and leash.
https://markets.businessinsider.com/news/currencies/shiba-inu-coin-doggy-dao-voting-crypto-projects-trading-pairs-2022-1

Robinhood has finally started to allow their customers withdrawals from their crypto wallets..
but only for a limited few of 1000 under a testing trial.

https://cointelegraph.com/news/robinhood-crypto-wallet-testing-is-live-1-000-users-can-now-withdraw.

Shib has pumped up quite a bit in the last couple of days.
Wonder if it was in anticipation for the ethereum merge because that is an altcoin.
So many are saying other altcoins will follow suit due to a successful merge.