Tech Talk: Analysis: ‘When #shiba?’ ask Robinhood users hungry for dogecoin-like returns – Gulf Digital News

Tech Talk: Analysis: ‘When #shiba?’ ask Robinhood users hungry for dogecoin-like returns – Gulf Digital News

Investors clamoring for Robinhood Markets to host shiba inu, a meme-inspired cryptocurrency that has soared in value this month, may need to bide their time as the app-based brokerage says it is in no hurry to list new currencies and analysts expect revenue growth to come from elsewhere.

Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has almost no practical use. Yet its price has rocketed by as much as 1,000% this month, leapfrogging dogecoin to become the world's eighth largest cryptocurrency with a $42 billion market cap.