Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Shiba Inu (SHIB) had a top performance on the leading United States trading application, Robinhood, in the past seven days.
GM 🫡 #ThisWeekInCrypto
See the full list of crypto available here: https://t.co/B41xoSGKG8 pic.twitter.com/RrQT8qTzJm— Robinhood (@RobinhoodApp) April 26, 2024
Notably, the commission-free investment app listed SHIB alongside multiple altcoins last week.
Shiba Inu steals the show on Robinhood
The over 11%% surge within the previous week saw SHIB presenting an incredible performance on Robinhood compared to other altcoins on the investment platform.
Litecoin (LTC) and Chainlink (LINK) took the second and third spots with 8% and 6% 7-day price upticks, respectively.
Meanwhile, that follows the latest launch of SHIB for New Yorkers on Robinhood. The listing marked a crucial milestone for Shiba Inu, considering NY’s strict regulatory approach.
Attention New York 🚨 Shiba Inu ($SHIB), Avalanche ($AVAX) and Compound ($COMP) are now available for New York State residents!
Buy, sell and trade your favorite crypto assets on the Robinhood app.
See the full list of assets available: https://t.co/B41xoSGcQA pic.twitter.com/mLBxz3Devx— Robinhood (@RobinhoodApp) April 24, 2024
Meanwhile, the crypto community has been urging Robinhood to list SHIB since early 2022.
Global asset manager Bernstein highlighted Robinhood’s role in connecting investors with the crypto market in the upcoming bull run.
📰 Analyst Bullish on Robinhood, Foresees 74% Upside
In a recent analysis by Bernstein, the discount online brokerage firm Robinhood Markets, Inc. $HOOD has emerged as a potentially lucrative investment opportunity with a projected 74.4% upside from current levels. As Bitcoin… pic.twitter.com/EUPSFwFGNr— The Market Union (@themarketuni) March 20, 2024
The firm predicted that the overall market capitalization of all digital coins would hit $7.5 trillion in 2024.
SHIB’s current price outlook.
The altcoin’s price action over the past day reflects broad market weakness. Shiba Inu lost nearly 5% on its 24-hour chart to trade at $0.00002459.
Bears have dominated the cryptocurrency market in the past day. Some investors are losing patience with Bitcoin’s halving-triggered rallies as the bellwether crypto hovers at $62.9K, down 2.15% in the last 24 hours.
The post Shiba Inu (SHIB) displays outstanding performance on Robinhood days after listing appeared first on Invezz
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.