Shiba Inu on an Upswing Following Robinhood Wallet Announcement

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors



Since the crypto market started its rebound rally, Shiba Inu (SHIB) has had a significant upswing, but there may yet be more in store for the altcoin. The meme coin has received another boost thanks to a significant overhaul of the crypto and stock trading platforms.

Johann Kerbrat, General Manager of Crypto at Robinhood, tweeted an update on the eagerly awaited Robinhood Wallet on Thursday. The trading company had reportedly started distributing the wallet to its queue of more than a million customers, according to Kerbrat.

The long-in-development wallet will support more than 50 cryptocurrencies, enabling users to exchange their digital assets for other cryptocurrencies in addition to transferring them. The Robinhood Wallet is also supported by the Polygon and Ethereum blockchains.

The most well-known cryptocurrencies that are supported include Shiba Inu, Ethereum (ETH), Solana (SOL), and USD Coin(USDC), among others. The wallet will now support NFTs on the Polygon and Ethereum blockchains. Another intriguing aspect is that utilizing the Robinhood Wallet to execute swaps on Polygon is said to be fee-free.

iOS users who wish to access the Robinhood Wallet will soon do so after receiving a code. Users who download the app and gain access will also earn a $5 incentive.

Shiba Inu Has Yet to React to the News

The price of Shiba Inu has been supported throughout this time by the news of the Robinhood Wallet. Even though the price of the meme coin has not moved dramatically, Shiba Inu has managed to keep its position above the $0.000011 support level, which is crucial for the altcoin to keep moving in the right direction.

SHIB/USD Daily Chart

 

You can purchase Lucky Block here. Buy LBLOCK

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.