Shiba Inu coin — the meme-bases cryptocurrency that began as a spinoff of the Dogecoin crypto token — debuted on the Gemini cryptocurrency exchange Monday after Shib’s stunning 2021 numbers.
Is Shib coin on Gemini?
Per Business Insider, Gemini added Shiba Inu coin to its listings, which includes more than 60 different crypto tokens.
- “Dear #SHIB army, Gemini has answered your call. To the moon!” said Tyler Winklevoss, one of the Gemini leaders, in a tweet.
Will Shiba Inu coin rise in value?
The Gemini addition puts Shiba Inu coin in front of more potential investors, specifically those who use Gemini for their cryptocurrency trading and investing. This could increase the number of coins bought, which will lead to the rarity of the coin and, thus, increase the value of the coin.
- Shiba Inu coin often thrives on social media and community hype. The coin will likely see a rally in value because of the Gemini news.
Is Shiba Inu coin on all platforms?
Currently, Shiba Inu coin is available on a number of platforms, including Coinbase, a popular trading platform, and Public, a retail trading app that rivals Robinhood.
But Robinhood — which allows people to invest in crypto and stocks — has held off on adding Shiba Inu coin for now, as I wrote for the Deseret News.
Christine Brown, the chief operating officer of Robinhood Crypto, said that Robinhood doesn’t want to add new cryptocurrencies yet, according to Fortune.
- “Our strategy is a little bit different than a lot of the other players out there who are just racing to list as many assets as possible right now,” Brown said, per Fortune. “We think that the short-term gain we might get is not worth the long-term tradeoff for our users.”
The Financial Conduct Authority in the U.K. has said cryptocurrencies could be risky investments so it’s best to do your research before you spend money.
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