The reason why Shiba Inu has been rising in the last week - RobinHood petition

[rdbase]

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.

[1715665331]

1715665331

[1715665331]

1715665331

[1715665331]

1715665331

[1715665331]

1715665331

[israt1@]

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.

[avikz]

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!

[noorman0]

According to their tweet, 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 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

[Stanlo]

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

[rdbase]

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://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.

[Azar138]

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!

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.

[cryptoaddictchie]

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.

[rdbase]

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!

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.

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.

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.

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.

[Ararbermas]

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

[masterrex]

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.

[Al Qiyamah]

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.

[Ros-In]

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

[DOH!]

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

[rdbase]

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

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:

[pjwaffle]

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?.

[rdbase]

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

[cabron]

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

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.

[martina14]

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.

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.

[FanEagle]

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?