Shiba Inu Price continues to trade sideways, Robinhood and Kraken rosters unclear – the VR Soldier
After dipping to a low of $ 0.000004 on Thursday, Shiba Inu traded sideways at the $ 0.00005 level. Additionally, we saw the trading volume drop this weekend, which is normal for the crypto markets.
Let’s take a closer look at Shiba Inu and see what next week has in store for us.
Shiba Inu Robinhood News
The most talked about news when it comes to Shiba Inu is a potential Robinhood roster. Looking on Twitter, it appears Robinhood is intentionally ignoring the #ShibaArmy blowing up the comment sections of his tweets.
Ohh no you are wasting money on $ doge!! There is only one solution! $ SHIB come!
– UnitedWeStand (@usmcmontagna) November 6, 2021
Robinhood must approve or reject the Shiba Inu list. In my opinion, leaving an entire community in the dark while they “investigate” is a way to spread and perpetuate FUD.
Robinhood doesn’t already have the greatest reputation, in July CNBC recently reported that “Federal authorities seized Robinhood CEO’s phone as part of the GameStop trade investigation.”
The article said:
“Robinhood faces dozens of putative class actions and is under investigation by regulators, state attorneys general, the SEC, FINRA and the US Department of Justice in the wake of the Game trade frenzy Stop in January which resulted in multiple trade restrictions for users. “
News Shiba Inu Kraken
Another big critic of the price of Shiba Inu is the announcement of the Kraken listing.
It looks like Kraken is following in Robinhood’s footsteps by keeping #ShibaArmy in the dark regarding approval or denial of a listing, while posting tweets about other cryptocurrencies and taking advantage of the influx of traffic that ‘they receive because of the supporters of Shiba Inu.
Don’t hide it from Kraken! Or we will post a million times! 😂👊🏻 I am your reminder 😉🤝 pic.twitter.com/bXYeP4nPDX
– Gossip Shib (@GossipShib) November 7, 2021
It is clear that the Shiba Inu community is extremely dissatisfied with the two exchanges, so much so that they have inflated their app ratings on the Google Play Store.
There are over 12,000 ratings for the kraken app, most of which are 1 star. It would be in Kraken’s best interests to stop dragging the list and approve or deny it next week.
News from Shiba Inu Coinbase
On a more positive note, Coinbase recently added Shiba Inu for NY users. Go Coinbase!
US NY
It’s official, SHIB is now available to trade, buy, sell and store on Coinbase for New York residents. pic.twitter.com/9yzjsBSMUf
– Coinbase (@coinbase) November 5, 2021
According to their tweet on November 5, users in New York can now buy, sell, trade and store Shiba on the Coinbase platform.
Coinbase listed Shiba Inu in September and saw a massive increase in the number of users. So much so that they started adding Shiba to their Youtube and TikTok marketing campaigns.
It’s unclear what the deal is with Kraken and Robinhood, at first glance exchanges will likely deny listing. The real problem is the communication between the two exchanges which is not clear, and this is a big reason for the FUD surrounding Shiba Inu.
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