Fans of the Shiba Inu can rejoice as the cryptocurrency has seen some favorable advances following its launch on Bitso. Which is, Mexico’s largest cryptocurrency exchange.
It remains to show whether the meme-base crypto coin can retain its speed. Then, or if it will repeat the story of its Kraken listing.
Shiba Inu (SHIB) soared 16 percent. So, leading major cryptocurrencies higher on reports of a listing on Robinhood, according to Coindesk.
Shiba Inu gains some traction after listing on Bitso. Traders, on the other hand, are pensive and waiting, based on the cryptocurrency’s prior performance. After the Kraken listing, Shiba Inu was unable to maintain its upward momentum.
“Shiba Inu jumped 16%, leading the gains among major cryptocurrencies, amid rumors of a Robinhood listing.”
By @shauryamalwa https://t.co/ilgrl3sXLP — CoinDesk (@CoinDesk) January 13, 2022
When Shiba Inu was listed in Kraken last November, its value skyrocketed. The value of the meme-based coin increased from $0.000040 to $0.000054. However, it was unable to sustain the rally and plunged below $0.000030 as a result of severe selling pressure.