Altcoins, Cryptocurrency, News & Updates

Shiba Inu Coin Spiked – Thanks to Coinbase Announcement

Shiba Inu coin has soared as a result of a new Coinbase announcement.

The Shiba Inu coin has surged lately due to a new press release to open to more expected investors.

Shib coin rises after Coinbase lift.

Coinbase published Tuesday to add the Shiba Inu coin to Coinbase Pro starting this week, enabling investors to buy the meme-bases digital currency, which has been regarded as a rival to Dogecoin.

  • “Coinbase included SHIB little more than a month after that coin’s creation, in clear distinction to its addition of Dogecoin, which appeared to take DOGE years,” as claimed by CoinDesk.

Crypto enthusiasts were thought to start trading their Shiba Inu tokens on Coinbase Pro beginning on Thursday. Unfortunately, though, technical issues held investors from trading immediately, as per Investor Place.

  • “We are encountering technical issues that will temporarily delay the launch of SHIB on Coinbase Pro,” the company tweeted. “At this time we are deactivating deposits of SHIB; withdrawals are still available. We will give an updated timeframe for restoring deposits & utilizing trading as soon as possible.”

What Cryptocurrencies Surged Because Of Coinbase?

shiba inu coin

Shiba Inu coin wasn’t the only digital currency to climb. Different digital coins such as Chiliz and Keep Network spiked after being added to Coinbase, too, as per CoinDesk.

Just a reminder: Coinbase Pro is different than Coinbase. They’re two separate apps. Still, Coinbase clients can login into their accounts on Coinbase Pro, as claimed by Yahoo News.

Did Shiba Inu Already Reached Its Peak?

There has been some guess that the Shiba Inu coin has already reached its peak. Nevertheless, Santiment, a cryptocurrency analytics firm, said the hype for the coin had died down a bit, which is why it hasn’t seen a considerable rise in value recently.

  • “When a coin joins the emerging trends list, specifically in top 3, it’s often a sign of a price top. Because it suggests a sort of a peak social hype. Price can hardly sustain its rally without increasing hype (or social volume),” as claimed by Santiment.

📣 Cryptonetwork.News is now on Telegram. Please click [here] to join our channel and stay updated with the latest Cryptocurrency, Blockchain, and Cryptomining headlines.

Leave a Comment

Leave a Reply