The price of the shiba inu cryptocurrency surged on Tuesday after Coinbase revealed that the cryptocurrency meme will start trading on Coinbase Pro this week.
Coinbase for Shebaa Inu Trading
Queen Bees announce On Tuesday, shiba inu (SHIB) cryptocurrency will begin trading on Coinbase Pro this week, following the listing of cryptocurrency Dogecoin (DOGE) earlier this month. Some consider the ERC20 cryptocurrency shiba inu to be a viable alternative to Dogecoin.
Coinbase Pro users can now transfer shiba inu tokens to their accounts, according to the Nasdaq-listed business. However, New Yorkers will not be able to use SHIB. The company explained:
Trading will begin at 9 AM PT or later Thursday, June 17, if the liquidity conditions are met.
Coinbase added SHIB a little over a month later CurrencyIn marked contrast to the addition of Dogecoin, which seemed to take Doge years. This reflects a fundamental change in the exchange approach, change announce At the time of adding Dogecoin on 1 June.
The ad also covers chiliz (CHZ) and Keep network (KEEP). Besides dogecoin, the company has recently added support for trading a number of tokens on Coinbase Pro, including polkadot (DOT), gitcoin (GTC), enzyme token (MLN), amp (AMP) and internet computer (ICP).
Shiba Inu is a meme Currency Similar to Dogecoin, which is inspired by the Shiba Inu meme from 2010. However, it is an ERC20 token, which means it runs on the Ethereum network, unlike DOGE.
Anonymous founder of Shiba Inu Ryoshi (pseudonym) made the ill-advised decision to send half of his token supply to the founder of Ethereum, Vitalik Buterin. why? Ryoshi claims that he wants to reduce the supply of Shiba Inu and increase its value.
Two days after Shiba Inu was listed on Binance, Buterin donated $1 billion from Shiba Inu to the COVID-19 Fund in India. Unfortunately, the token suffered as a result and dropped to painful lows.
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Now that Coinbase has added Shiba Inu to its list of supported cryptocurrencies, holders of the “Dogecoin killer” token have now renewed hope that Shiba Inu can overtake its competitor led by Elon Musk to the moon.
The price goes up after the announcement
The price of the shiba inu cryptocurrency jumped more than 30% around the time of the Coinbase announcement. At the time of writing, SHIB has a price tag of $0.0000092 and a market capitalization of $3.6 billion, based on data from Coinbase.
SHIB-USD and SHIB-USDT order books will begin trading in three phases, post-only, limited-only and full-trade, once sufficient supply of shiba inu cryptocurrency is established on the Coinbase Pro platform, according to the company.
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Featured image from Pixabay, Charts from TradingView.