Commission-free buying and selling app Robinhood Crypto EU on Saturday expands help for meme coin Shiba Inu coin on crypto transfers. The buying and selling app additionally introduced a 1% bonus for customers who deposit their tokens from different crypto exchanges. Traders responded instantly as SHIB worth noticed huge volatility.
Robinhood Crypto Now Supports Shiba Inu Coin Transfers
Robinhood Europe’s crypto arm in an official announcement on November 9 revealed that it has added Shiba Inu coin to cryptocurrencies supported in crypto transfers.
The commission-free crypto buying and selling app introduced a 1% bonus alternative for a restricted time. Users want to withdraw their SHIB tokens from different crypto exchanges and deposit them to Robinhood app to earn a 1% bonus.
Crypto switch service now permits clients to deposit and withdraw 30 cryptocurrencies, together with Bitcoin, Ethereum, Solana, and Cardano, as per Robinhood website. It provides customers management, safety, and crime insurance coverage, together with academic program advantages.
$SHIB is on the market for transfers on Robinhood Crypto!
Withdraw and Deposit #SHIB, and, for a restricted time, get a 1% bonus on your deposits.
Terms apply. Get began: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/ZlHPF1VojX
— Robinhood Crypto EU (@RobinhoodCrypto) November 9, 2024
However, a couple of main crypto similar to XRP and Toncoin (TON) nonetheless stay unavailable in crypto transfers, regardless of the latest itemizing by Robinhood Europe.
Will SHIB Price Rally Similar to DOGE and Pepe Coin?
Recently, Robinhood added Pepe Coin (PEPE) and Dogecoin (DOGE) to the crypto transfers. Pepe Coin worth has rallied 40% after the crypto buying and selling app introduced the itemizing. Moreover, Dogecoin worth rallied 45% after the announcement final week.
This sparked hypothesis about whether or not Shiba Inu coin can even witness at the very least a 40% rally within the coming days. SHIB worth has jumped solely 14% amid the renewed bullish market sentiment in the course of the “Trump trade.”
SHIB price jumped practically 1% prior to now 24 hours, with the value at the moment buying and selling at $0.00001923. The 24-hour high and low are $0.00001847 and $0.00001966, respectively. Furthermore, the buying and selling quantity has elevated by 23% within the final 24 hours, indicating an increase in curiosity amongst merchants.
In the derivatives market, the whole SHIB futures open curiosity surged 2% inside an hour and 6% within the final 24 hours to 3.34 trillion value $164 million. Binance noticed an 8% bounce in SHIB open curiosity. A large sentiment in meme cash can truly set off SHIB price rally to $1.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a expertise fanatic and analytical thinker, he has shared his data of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the large potential of those modern future applied sciences. He is at the moment masking all the most recent updates and developments within the crypto business.
Disclaimer: The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
