Robinhood’s Market Cap Dips While Shiba Inu’s Sees An Increase

It’s been three months since Shiba Inu’s market cap grew larger than that of Robinhood’s market cap and now the gap seems to be widening.

Earlier this year, Robinhood’s market cap stood at $14.8 billion and SHIB forged ahead revolving around the same number. Nonetheless, the neck-to-neck market cap now seems to be a thing of the past. Robinhood saw a steady decline in its market cap and on the other hand, SHIB has managed to maintain its volume.

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From $14.8 billion in January this year, Robinhood’s market cap fell to $10.35 billion at present. In just three months, Robinhood shed $4.45 billion in market cap while Shiba Inu maintained its value of $14.5 billion. In January, SHIB’s market cap was $14.8 billion and has seen a slow yet steady increase.

In addition, Robinhood’s shares are steadily declining and are now trading at $12.39 after plummeting by 4.40% today. On the other hand, SHIB’s price in the indices stands at $0.00002642 and is up +8.4% in the day trade. In July last year, Robinhood was listed at $38 per share and it’s now -68% down from its listing price. It had reached an all-time high of $85 last year and is now down -86.5% from its ATH.

Shiba Inu had reached an all-time high of $0.00008845 and is down -68.8% from its ATH. However, Robinhood’s bullish sentiments have declined in the stock market but SHIB is displaying positive sentiments in the crypto market. The gap between the two is widening as each month passes and Robinhood needs to pull its socks together to get back on track.

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Shiba Inu & Robinhood

Investors are eager to see Robinhood list Shiba Inu on its platform and calls for listing are only growing louder. Even top Robinhood executives are unable to sit at interviews without answering questions about a SHIB listing. However, if RH does list the token in the future, it could see steady growth and could also come out of its financial crisis.

Robinhood has nearly 23 million users and even if 10% decide to invest in SHIB on listing day, the tally would be approximately 2.3 million people. That’s a staggering number of investors and could open the floodgates of new investments into SHIB. In return, Robinhood can also benefit from the trading volume and could increase its quarterly returns to its previous glory.

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At press time, Shiba Inu was trading at $0.00002642 and is up +8.14% in the 24-hours day trade.