#SHIB #shibainu #shibainucoin
Shiba Inu coin has been classed as the next upcoming dog cryptocurrency, but after recent surges will Shiba Inu hit 50 cents? And what is Coinbase’s involvement with the dog bred token?
Coinbase, Shib, and Doge.
The Shiba Inu-based meme currency, dogecoin, surged over 20% on Wednesday after US-based crypto exchange Coinbase said it is listing the token on its professional platform. The Nasdaq listed company has started accepting inbound transfers of dogecoin Doge to Coinbase Pro. “Trading will begin on or after 9 am Pacific Time Thursday, 3 June, if liquidity conditions are met,” the crypto exchange said in a blog post. “Once sufficient supply of Doge is established on the platform, trading on our doge pai order books will launch in three phases, post-only, limit-only and full trading,” the exchange said. Coinbase is one of the biggest cryptocurrency exchanges in the world, and the first one to list in the US. The company had listed at $381 on 15 April but has since seen its share price falling to $238 level as of 1 June.
What does this mean for Shiba Inu?
Following coinbases decision to allow the famous meme token dogecoin to be listed, it may lead to Shiba Inu coming to the popular platform too. It is clear that a community loud enough with a few well-known celebrities, such as Elon Musk and Mark Cuban caused the meme token to be listed on the exchange, even though the use of the crypto is fundamentally limited to small tasks such as giving tips to content creators. So, with the help of the Shiba Inu army and famous stars like Meek Mill who recently tweeted about Shiba Inu on Twitter, Shiba Inu will have the same outcome that dogecoin has. In fact, There has been a recent petition created for the Shib coin to be listed on Coinbase by a man named Caleb Schriker, the link will be down below in the description and comment section. The petition says, “ The rising demand of Shiba Inu Cryptocurrency brings many users new to the cryptocurrency space. Listing Shiba Inu on Coinbase would be a massive opportunity for many newcomers to get deeper into the crypto community and the numerous rewards that come with buying crypto. We’d like to see the coin listed on Coinbase as a tradeable asset to make it easier to purchase for someone brand new and more accessible for people already investing to use anywhere. With a Market Watch approaching 900,000 on Coin Market Cap and over 470,000 Holders, this would be a great chance to capitalize on the mission the ShibaSwap team is trying to accomplish with this project.” A coinbase listing is certain to create a wider awareness of the next up Shiba Inu coin and rival dogecoin for the top meme crypto.
Norton and Shiba Inu.
Millions of people will soon be able to mine cryptocurrencies without installing any extra programs after the antivirus company Norton announced plans to add the feature to its LifeLock security software. The company says the new feature, Norton Crypto, is intended to allow users to put their computers to work mining cryptocurrency, and eventually earning real money, without needing to risk using unvetted software. This is potentially great news for Shiba Inu regarding the upcoming release of ShibaSwap. As Shiba Inu tokens aren’t available for mining yet, when Shiba Inu’s decentralized exchange will allow mining to occur, A Norton Crypto partnership with the ability to allow the Shiba Inu community to mine the Shiba Inu Coin would see a significant rise in the price of the token, potentially making it rise to $0.50.
How risky are the Shiba Inu tokens?
Investing is always a risk but investing in cryptocurrency is an even higher risk as they are very volatile, so you should be prepared to lose cash. There is also no guarantee that you can convert crypto assets back into cash, as it may depend on the demand and supply in the existing market. Plus, fees and charges may be higher than with regulated investment products.
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