There are many factors that influence the predictions about the rise of the Shiba Inu coin, we are going to discuss it in a while, stay tuned with us.
The event of upcoming July 20th, the CoinBase listing of Shiba Inu, the addition of three pairs on ShibaSwap, and Musk’s commentary and concern for the coin may be seen as positive signs for rising in the price of Shiba coin. We will try to comment on these a bit below.
The waning interest of Elon Musk in bitcoin has resulted in a concern for the sibling of dogecoin killer, i.e. Dogecoin, but Musk has also announced that he will name Shiba Inu dog as FLOKI which means the Shiba is also on his radar. Also – Read: Could Shiba Inu Coin Spike this month?
The other thing which is very much important for Shiba’s popularity is the ShibaSwap platform, which added three new pairs namely ETU-USDT, LEASH-BONE, and SHIB-BONE per FXStreet.
ShibaSwap also tweeted a full list of audits which will explain $1.2 billion dollars in TLV. And it will also boost the trust level of Investors and consequently Shiba’s popularity and its price. Also – Read: Shiba Inu Coin price predictions after ShibaSwap launch, Will it hit $1?
After many years later the launching of dogecoin was listed on CoinBase on June 3 and Shiba is also on its track in this race. Shiba Inu’s current price is $0.000007233 according to the Coin Market Cap. It also sees a 20% gain after shibaSwap listed three pairs.
On July 20 three is a virtual party for investors to talk about ShibaSwap exchange and a new sculpture of Shiba according to Shytoshi Kusama, who is a Shiba coin cryptocurrency influencer.
All these things may lead to the popularity of Shiba Inu and boost its price.