UniSwap’s native cryptocurrency UNI token is up double digits today after listing on Robinhood. The leading exchange boarded the UNI on July 14, 2022 with a USD peg. Robinhood opened the floodgates of new users to the UNI ecosystem, pushing the price to monthly highs. In less than 24 hours after listing, the UNI token rose 15% and is now trading at 13% in the green. UNI hit a monthly high of $7 today after struggling to break $5 for two weeks.
Robinhood has listed 13 cryptocurrencies on its platform, including:
- Bitcoin
- Bitcoin Cash
- Bitcoin SV
- Ethereum
- Ethereum Classic
- Litecoin
- Dogecoin
- Link
- Solana
- Chain link
- Polygon Matic
- Shiba Inu
- UNI token
Solana, ChainLink, Polygon Matic, and Shiba Inu were listed on the platform in mid-April this year. Shiba Inu was the most anticipated token on the exchange as the SHIB community began a year-long campaign to get the token on board.
Also read: When does Shiba Inu reach 1 cent? Shytoshi answers the question
Like the “Hey Robinhood, when SHIB” phrase, Floki Inu investors are walking the same path by signing Change.org petitions to get the meme token on board. Read here for more details on the Floki Inu community making noise to get the token on Robinhood.
The price of almost every crypto shot up the day after it was listed on Robinhood. The top exchange has nearly 18 million active users and the sheer numbers can cause prices to skyrocket after each new listing.
Robinhood is slowly but steadily expanding its cryptocurrency list, making it easier for users to trade their favorite cryptos. However, the platform has strict listing rules and not every token can get through quickly.
Following UniSwap’s UNI token list, Robinhood could soon be getting more tokens on board for trading.
Also read: GTA 6 Cryptocurrency Will Be A Parody Of Blockchain Technology?
UniSwap’s UNI Token Achievements Before And After Robinhood Entry
UNI token, which hit a record high of $45 last year, is only shrinking in the indices. The token has few listings and the ongoing bear market deteriorated its performance. UniSwap’s UNI token has been trading in single digits since mid-March and showing no progress.
However, the Robinhood list was a saving grace for the UNI token as trading volume spiked. It can also be a task to double-digit the UNI token again, because a Robinhood list can only inflate the token so much.
At the time of printing, the UNI token was trading at $7.06 and is up 12.7% in 24-hour trading. It is down 84.3% from its all-time high of $45, which it reached in May last year.