Shiba Inu will be available to Coinbase Pro users as of September 9.
SHIB token gained over 50 percent after the news came out.
YEREVAN (CoinChapter.com) – Shiba Inu, one of the Dogecoin-spawned meme coins packed over 50 percent on growing adoption news. Coinbase exchange announced the new SHIB Inu listing on September 8. The service will be available for Coinbase Pro users only, but the coin could reach a wider audience if the Pro service “trial” is successful.
Shiba Inu Listing on Coinbase Pro
In hindsight, the exchange has been forward about increasing the listings in the third quarter of 2021. Coinbase representatives were open about their intentions since the company published its Q2 report. What the exchange strives for, is to become the go-to marketplace for acquiring or selling crypto.
Coinbase announced that the trading will begin on or after 9 AM on Thursday, if “liquidity conditions are met”. The exchange also specified that order books for SHIB/USD and SHIB/USDT pairs will launch in three phases, starting from post-only mode and proceeding to full trading.
Inbound transfers for SHIB are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday September 9, if liquidity conditions are met. pic.twitter.com/M1ktPVEkmt
The Shiba Inu listing falls into the pattern of expansion but raised a few eyebrows on Twitter. Some users thought listing meme coins is an unexpected move and found it quite controversial. Others argued that SHIB has a solid base of supporters and developers.
Coinbase’s decision to list the Shiba Inu coin led to a new green candle for SHIB.
SHIB daily chart
Before the listing news came out, the digital asset dropped to a record low of $0.00000507 on September 7. However, it managed a 50 percent uptrend overnight and reached $0.00000820, before stabilizing at $0.00000689 in the New York session Wednesday.
If Shiba Inu price continues to rally, it could retest the $0.00000761 line as support, and a boost to the next resistance level. If the digital asset sees a correction ahead, it could seek assistance from a resistance-turned-support line at $0.00000652.
Moreover, the recent bullish spike resulted in a golden cross between the 20-day exponential moving average (EMA-20; blue wave) and the 50-day simple moving average (SMA-50; red wave). In hindsight, the said formation is a bullish predictor that promises further gains for as long as the short-term MA manages to hold above the long-term MA.
Lilit is a Yerevan-based Markets writer, skilled in 3 languages, and interested in writing about the tech world, trading, art, and science. She also has a background in psychology and marketing, which helps deliver the right message to the target audience.
Polygon (MATIC) rebounded from a significant support line at $0.3 on June 19 and has rallied 52% since then....
Our Partners
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.