2024-04-27 05:22:09 ET
Shiba Inu (SHIB) had a top performance on the leading United States trading application, Robinhood, in the past seven days.
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.
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.
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.
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