The price of Shiba Inu (SHIB) coin rose by nearly 25% hours after Coinbase announced that it has listed the coin on its main exchange.
- Today’s listing implies that investors can now purchase, sell, and send Shiba Inu on Coinbase’s web exchange. The same features are also available to users of exchnage’s iOS and Android apps.
- The U.S.-based exchange stated that the token “aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin.”
- The exchange focused attention on Shiba’ Inu’s economics, pointing out its finely-denominated supply of one quadrillion tokens. It also recognizes the coin’s ecosystem, which features an NFT project and a decentralized exchange.
- Coinbase’s listing has bolstered SHIB’s market value. The coin’s market capitalization rose nearly 25% in the hours following the addition and reaching a value of $0.00000841.
This growth is not significant in comparison to the coin’ earliest prices. In May, after its launch, SHIBA soared to it’s all-time high of $0.00003532.
SHIB USD down -2.06%Source: Coinbase.