$SHIB : High volatility after Shibarium launch and Robinhood update
SHIB price has fluctuated strongly in the past few days after launching Shibarium and being listed on Robinhood.
Shibarium launches:
* Shibarium, the new layer 2 blockchain for SHIB, was officially launched on May 24, 2024.
* Shibarium is expected to help improve transaction speed and reduce fees for SHIB.
* The launch of Shibarium attracted the attention of many investors and caused SHIB prices to increase sharply in a short period of time.
Listing on Robinhood:
* Robinhood, a stock and cryptocurrency trading platform, listed $SHIB in April 2023.
* Listing on Robinhood helps SHIB reach a large number of new potential investors.
* However, SHIB's price fell after listing on Robinhood, possibly due to selling pressure from short-term investors.
Market trend:
* The cryptocurrency market is trending down in recent days due to concerns about a global economic recession.
* The price of $SHIB is also affected by the general market trend.
* However, analysts believe that SHIB still has long-term upside potential thanks to new developments such as Shibarium and its listing on Robinhood.
Conclude:
SHIB is a cryptocurrency with potential, but also with risks. Investors should consider carefully before making investment decisions.
