Price Drops 10%, for Shiba Inu as Robinhood COO Talks Listing

Finally, she noted that “the short-term benefit that (Robinhood) may deliver is not worth the long-term trade-off for our consumers.”. You may see the presentation for yourself in the YouTube video below; the Shiba Inu segment begins at 12:15.

Shiba Inu pricing as a speculative currency 

Shiba Inu is currently trading at $0.000049 at the time of writing. Throughout the day, it has struggled with the support level of $0.00005, rising at $0.000051 and falling to $0.000046. During our Shiba Inu pricing from last night, we predicted that the market will remain sideways in the absence of any BTC/ETH declines.

As we said last night, because SHIB is a more speculative currency, it will exacerbate the swings of Bitcoin and Ethereum, much like leverage trading. Unfortunately, because the price of BTC fell by 4-5 percent, the price of SHIB fell by 9-10 percent. The good news is that this is also true when the price of BTC / ETH rises.

Speculation about crypto market valuation 

Overall, the bitcoin market is performing admirably. In reality, the overall market cap of cryptocurrency is present at $2.7 trillion. At this rate, it would not be unrealistic to estimate a $3 trillion crypto market valuation by the end of the year.

In crypto, you can’t always have nice days, but you can always keep holding. This is not investment or trading advice; always conduct your research before acquiring any cryptocurrency.