Shiba Inu (SHIB) trading will be available on Coinbase Pro beginning Thursday, June 17. Aside from SHIB, Keep Network (KEEP) and Chiliz (CHZ) tokens are also included. Customers of Coinbase may begin moving these three tokens to the platform.
Coinbase Pro also introduced support for Dogecoin, the flagship canine currency, earlier this month. Polkadot (DOT) has also been listed on Coinbase Pro, triggering a significant increase in the cryptocurrency’s price.
According to CoinMarketCap statistics, SHIB is presently up 26 percent in the last 24 hours. Last month, Ethereum co-founder Vitalik Buterin burnt 90% of the SHIB tokens sent to him by the token’s mysterious creators, pledging to donate the remainder to charity.
Why Is the Price of Dogecoin’s Rival Increasing?
Dogecoin, a meme coin, is linked to Shiba Inu. Shiba Inu is an ERC20 token, which means it operates on the Ethereum network, as opposed to DOGE. According to Nomics statistics, SHIB is the 17th biggest coin by market capitalization and is worth more than $9 billion – Stellar, Ethereum More than Dai or Classic. And the market capitalization seems to be rising. As a result of the listing, the token’s price increased by 33% in one day to $0.00000925. This is much less than the total amount.
On November 7, last year, it was $0.00003791. The most of the time (note: minus one zero) Still, Ethereum Creato provides excellent support. After giving 50 trillion SHIB to charity, Vitalik Buterin almost lost the money. Mem token holders are helping to establish the project as a respected developer. He’d even given the kid tokens in the hopes that he wouldn’t touch them, artificially decreasing the quantity of tokens while linking them.
The project may no longer need the services of a respected developer. It boasts Coinbase, the first publicly traded cryptocurrency exchange in the United States, which lends legitimacy.