As Robinhood sees more financial hardship, some are starting to wonder if a Shiba Inu listing can revive the exchange. Today many investors are waking up to the news that Robinhood lost $425,000,000 last quarter. This is the second time Robinhood reported a loss of revenue. With their stock going down and their platform bleeding money, Robinhood needs to adopt a solid recovery plan.
While listing Shiba Inu might help bring some money to the table, it isn’t a sure fix to their financial issues. There are a couple of things Robinhood could do to attract new investors.
- Robinhood could choose to add another popular meme to the platform.
- They could add another token minus the meme, within the same price range, as Dogecoin before the hype.
If they decide to go with the first option, they will need to pick a meme coin with numerous investors. Two tokens come to mind, one would be Safemoon, or the other would be BabyDoge. Both coins have over a million investors, and they have yet to list in any top exchanges. Listing a token that doesn’t have a presence in other top platforms will give them an advantage.
If they decide to go with option two, they could step outside of the meme atmosphere and pick a token with enough zeros to pack on a win! Take Mcontent for example, and please understand I am not saying they are listing it. I do not think it is anywhere on their radar at this moment. Yet, Mcontent would be a rocket due to its functionality.
The point is Robinhood needs to find strong tokens to rebound. They should be looking for Metaverse, NFTS, Play To Earn, and tokens with the ability to change life as we know it. Listing Shiba Inu might not be the ONLY medicine needed. It will be interesting to see the tokens that Robinhood decides to add in the coming weeks.
As always, I am not giving financial advice!