By Nathan Ferguson
“Public” (an application for stock-trading) has joined forces with Shiba Inu Mania. The company (based in New York) has disclosed to have added support regarding SHIB (a new dog-themed digital token being discussed everywhere).
“Public” is supporting Shiba Inu
On Wednesday, “Public” declared to have had included “Dogecoin killer” Shiba Inu on the trading platform thereof. The foundation of Public was laid in 2019 to confront Robinhood via alluring young investors and newbies with charge-free trading as well as the mobile-first design. Nonetheless, it contains a further detectible social component as compared to the competitors thereof, such as WeBull and Robinhood. Almost $310M was raised by “Public” during a financing round to take its valuation at more than $1 billion.
Public formerly supported stocks and Exchange-Traded Funds’ trading, however, made the crypto foray thereof during October by including ten digital assets taking account of Dogecoin, Cardano, Bitcoin Cash, Litecoin, Ethereum, Bitcoin, and the others. Following the news today, the consumers of the brokerage firm became capable of purchasing, holding, and selling Shiba Inu. In the recent month, a listing was acquired by Shiba Inu on the web exchange of Coinbase. Only a few days before, the token was also included by Zebpay (the oldest crypto exchange) and BTCTurk (the oldest and largest crypto exchange of Turkey) in their respective lists to be traded.
“SHIB” and its upsurge
The Japanese dog breed has been the inspiration for the crypto token Shiba Inu’s title. The purpose of its construction was to make benefit out of the success of Dogecoin as similar to several other tokens which are inspired by pets. Comprehensive public attention has been collected by the token during some of the recent months that assisted in raising the token’s value. Nevertheless, it would be considered an understatement to mention that the SHIB has expressively been dynamic in the previous weeks.
At some point in time, the token even secured the position of being the twelfth prominently valued asset being seen on the leaderboard of crypto. It has been pointed out by the observers that the tweets from Elon Musk (the CEO of SpaceX and Tesla) were the key factor at the back of the coin. On 4th October, a picture of his personal Shiba Inu was tweeted by Musk, due to which a massive number of SHIB fans were excited, and a considerable upsurge was seen in its value.