The Shiba Inu coin finally gets listed on Binance.US; the coin also gets listed on Coinbase Pro recently. So the Coinbase Effect is accurate, and it seems like the new cryptocurrency’s price will be heading sky-high.
As the trading on Binance.US (crypto trading platform) has started. The dogecoin killer was recently listed on a popular trading platform (Coinbase Pro), increasing the value of tokens by 30%.
Binance, a cryptocurrency exchange in May of this year, listed Ethereum-based currency. This comes after rival FTX also announced their intention to do so.
Shiba Inu’s value reached the All-time high at 13.83 billion dollars on May 10; however, now the coin is trading at 80% below the all-time high.
According to FxStreet, The Shiba-Inu cryptocurrency has been spiking in popularity with the rise of crypto Twitter today. SHIB rankings show that they’re ranked number 10 for highest mentions on this network, alongside Bitcoin and Ethereum, among others.
As FxStreet analysts have evaluated that, “where SHIB is heading next as the token is primed for a rebound. Analysts predict that SHIB could rally to $0.000009 if it holds key support at $0.0000058”.