Trading for Dogecoin rival SHIB will be available on Coinbase Pro.

June 16, 2021

Shiba Inu (SHIB) Hit an All-Time High on Sunday

Coinbase Pro has announced that it will begin accepting Shiba Inu (SHIB) trades on Thursday, June 17. Keep Network (KEEP) and Chiliz (CHZ) tokens are also on the list.

 

Customers of Coinbase can now start transferring those three tokens to the platform.

 

Shiba Inu is a meme coin similar to Dogecoin, which was inspired by a Shiba Inu meme from the 2010s. That is, however, an ERC20 token, which means it, unlike DOGE, operates on the Ethereum network.

 

SHIB is the 17th-largest token by market valuation, according to Nomics, with more than $9 billion in circulation—more than Stellar, Ethereum Classic, or Dai.

 

And the market capitalization appears to be increasing. The token’s price has grown by 33% in the last day as a result of the listing, reaching $0.00000925.

 

That’s a long way down from its all-time high of $0.00003791 (notice the missing zero) set on November 7 of last year. Nonetheless, given that Ethereum developer Vitalik Buterin nearly sank the coin after donating 50 trillion SHIB to charity, it’s a nice boost. The meme coin’s proprietors had given the tokens to the wunderkind in the hopes that he wouldn’t touch them, artificially reducing the token’s supply while also tying the project to a well-known coder.

 

The project may no longer require the services of a reputable developer. It has Coinbase, the first publicly traded crypto exchange in the United States, to back it up.

 

 

Exclusively hand curated news, written precisely in short by our editors for a 60 seconds read! We understand that reading multiple news from various resources could be monotonous, time consuming and less interesting. At Dcryptonews, you will experience a new style of reading news with smart keyword, ease of language that is easy to read for a quick news grasp.

 

Leave a Reply

Your email address will not be published.