Investors should be aware, however, that making money with cryptocurrencies is never guaranteed, and you could lose all of your money.That’s why you should never invest more money than you can afford to lose, or in anything you don’t fully comprehend.Cryptocurrencies are particularly volatile, with large swings in value occurring with little to no warning.There’s also little regulation for crypto companies, so you’ll be on your own if something goes wrong.For the time being, investors are advised to stay away from cryptocurrency.
One Reddit user claimed that he persuaded his aunt to invest $200,000 in Shiba Inu cryptocurrency, only for her to lose tens of thousands of dollars in less than a day.
Table of Contents
- 1 Is Shiba Inu going to be listed on Robinhood or not?
- 2 What is Shiba Inu?
- 3 What is the Price of a Shiba Inu and What are the Forecasts for its Value?
- 4 What are the Risks Associated with Investing in Cryptocurrency?
Is Shiba Inu going to be listed on Robinhood or not?
A petition to “Kindly request of Robinhood to list Shiba Inu coin!” was started on Change.org earlier this year.
Robinhood was founded in April of 2013 as a commission-free stock trading and investing app.
The petition has over 450,000 signatures, and its creator has encouraged people to write to Robinhood directly and “politely request that Shiba Inu be considered for listing.”
The petition requests that Robinhood list Shiba Inu as a trading coin, claiming that they could be the first mainstream brokerage to “get on board this train.”
The Shiba Inu coin has yet to be listed on Robinhood, and the company has stated that it has no plans to do so.Other exchanges, such as Binance and Coinbase, allow investors to trade Shiba Inu.
What is Shiba Inu?
Shiba Token (SHIB) is a decentralised cryptocurrency similar to Shiba Inu (SHIB).Ryoshi, an anonymous person or team, created it in August of 2020.
Dogecoin, a meme-based cryptocurrency, is the inspiration for the cryptocurrency. A Shiba Inu, a Japanese breed, is depicted on Dogecoin.Shiba Inu is represented by the ticker SHIB, and there are two other tokens: LEASH and BONE.
What is the Price of a Shiba Inu and What are the Forecasts for its Value?
According to coinmarketcap, the price of Shiba Inu is currently $0.00007218.
On October 28, 2021, the cryptocurrency reached an all-time high of $0.00008845.
SHIB trading has exploded recently, and it is now the ninth most valuable crypto token by market capitalization.
The coin also has the fifth highest trading volumes of any cryptocurrency in the last 24 hours, trailing only established coins like bitcoin, ethereum, and tether.
Here’s what the price of a Shiba Inu might look like in 2022, along with some predictions.
The price of Shiba Inu, like any other cryptocurrency, can go up and down, and you could lose all of your money.
Any predictions should be taken with a grain of salt, as they are far from certain.
What are the Risks Associated with Investing in Cryptocurrency?
Investing in any cryptocurrency is risky, and we’ve compiled a list of everything you need to know.
Protection of the consumer
Some investments based on cryptoassets that promise high returns may be exempt from regulation beyond anti-money laundering requirements.
Volatility in prices:
Consumers are exposed to significant price volatility in cryptoassets, as well as the inherent difficulties of reliably valuing cryptoassets.
Complexity of the product:
Consumers may find it difficult to understand the risks associated with some cryptoasset products and services due to their complexity. Cryptoassets cannot always be converted back into cash. Converting a cryptoasset back to cash is subject to market demand and supply.
Fees and charges:
Consumers should think about the impact of fees and charges on their investment, which could be higher than for regulated investment products.
Firms may exaggerate product returns or understate the risks involved in marketing materials.