3 Reasons Robinhood's Addition of Shiba Inu Doesn't Matter

Crypto fans were loading up on Shiba Inu (CRYPTO: SHIB) after Robinhood Markets (NASDAQ: HOOD) announced trading availability on Monday morning. The token initially soared as much as 30% on the news, and 12 hours later Shiba Inu was still trading a healthy 17% above where it was when the news broke. 

It's obviously not bad news for Shuba Inu to find its way onto a new exchange. It also helps that Robinhood only had seven digital currencies available before adding four new denominations, including Shiba Inu, on Tuesday. 

I'm still not convinced that the initial rally will stick. Let's go over some of the reasons availability on Robinhood isn't a game-changer for Shiba Inu fans. 

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Source Fool.com