The Shiba Inu (SHIB) cryptocurrency has just reached a new milestone. It is the subject of a new offer from investors. For good reason, the token will be listed on the popular retail brokerage platform Robinhood in February 2022. In any case, this is what seems most plausible in the coming months.
Robinhood will reconsider its position on Shiba Inu (SHIB)
For several months, investors in the Shiba Inu (SHIB) cryptocurrency had embarked on a mission to value the digital financial asset. To this end, they had launched a petition on several platforms; petition which received the support of several people. However, Robinhood COO Christine Brown had cooled the heat in November 2021.
Ms Brown wrote: “I think our strategy is a bit different than a lot of other players who are just racing to list as many assets as possible right now. We believe that the short-term gain we might get is not worth the long-term trade-off for our users.”
However, given the notoriety of Shiba Inu, it seems that the management of the company has changed its mind. For good reason, we must not lose sight of the fact that Shiba Inu’s incursion into the GameFi sphere will increase its popularity and help make it even more attractive to investors.
SHIB will be used in a game
The popularity and value of SHIB will be enhanced. To this end, the crypto has entered into partnerships with various companies, including PlaySide. PlaySide is a game studio behind popular titles such as Age of Darkness and Jumanji Epic Run. The contract provides for the launch of a new game inspired by Shiboshi. In the game, the SHIB cryptocurrency will be used to make transactions.
The contract concluded between the two groups includes an additional clause. It relates to revenue from Shiba Inu Games purchases. It is expected that these purchases will be used in part to burn the SHIB and LEASH tokens. If this project materializes, the repercussions could be very positive. Among other things, it will pave the way for a sustainable increase in the price of the token. In addition, the project will lead to an intensification of current efforts to reduce the 549.063 trillion SHIB tokens that are still in circulation on the market.
The Shiba Inu cryptocurrency will generate even more revenue for its users. Indeed, it will increase its value through key corporate partnerships. This approach will allow it to realize the dream of investors: to enter the list of products listed on Robinhood.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 on a few cryptos only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.