Shiba Inu coin the Dogecoin-inspired cryptocurrency might make ties with Coinbase. If it happens this could be a big achievement for Shiba Inu Token investors. Probably Shiba Inu Cryptocurrency is a step closer towards Coinbase listing.
As recently Coinbase Custody added support for Shiba Coin. So the investors can easily secure all their assets, as well as can deposit or withdraw cryptocurrency assets. Besides this, Coinbase Custody also added support for $CLV and $Mask.
Investors can store their cryptocurrency assets in the standalone business company known as Coinbase Custody. Cryptocurrency assets can be store both Online and Offline. The Cold Storage hardware is for those who want to store their assets offline, while hot wallets hardware is for online storage.
Does Coinbase Wallet Support Shiba Inu?
Well, till now the Shiba Inu isn’t officially supported by Coinbase. Whilst the expectations are high, and it might make its way to Coinbase. The Coinbase Trading platform recently announced to list Shiba Inu coin, but unfortunately, some technical problems have made it delayed.
Will Coinbase listing help Shiba Inu Token?
Yes, definitely, as Coinbase is one of the famous trading platforms. This will increase trading, as well as Shiba Inu might experience a sudden rise. Till now the coin is going through a decline, while it has recorded an all-time high in May. Besides this Shiba Inu is already listed on Binance, Crypto.com, Atomic Wallet, and KuCoin and recently on eToro. But still Shiba Inu Token is moving sideways, while expectations are high for Coinbase listing.
Will Shiba Inu rise?
Well, that’s a million-dollar question. Now one can tell exactly what will happen next in the crypto world. However, Shiba Inu’s price at the time of writing is $0.000006702, which is still on the lower side. Despite this, different predictions from experts have been made. Most of them predicted that it will reach $0.00001258 by the end of 2021. Moreover, by the end of the year 2022, Shiba Inu might reach $0.000019, and later on, it might hit $0.000061 in 2025.
Will Shiba Inu Coin reach $1?
As far-reaching $1 value is quite difficult, and neither it has chances to reach such value soon. It is hard to tell, as the coin still has a long way to go. But Shiba Inu’s value might get a bullish move if it is listed on popular trading platforms such as Coinbase and Robin Hood.
Nowadays the Shiba Inu token is selling at a lower market value, and the predictions suggest that it will reach $0.00061 in 2025. So in short term, it is impossible to reach $1, however, it might take plenty of time to reach such value.
Is Shiba Inu a Good Investment?
Well in some’s perspective Shiba Inu is safe, while others suggest it is a bit risky. According to Benzinga,
“Shiba Inu is by no means a sure or safe investment; however, it proved that it can surprise investors with astonishing returns with its 2,500% run this May. Investing in Shiba is extremely risky, but with enough luck and liquidity, it could skyrocket again. However, Buterin’s donation and the recent cryptocurrency market crash lower the chances of another similar move anytime soon”.