SHIB Coin: Why has Shiba Inu’s value skyrocketed? And after?

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shiba inu coin – a memes-based cryptocurrency token – reached new levels after the Coinbase app added the token to its platform

Coinbase added the cryptocurrency earlier this week, allowing users to trade Shiba Inu coins on Coinbase.com and the company’s mobile application.

Is the Shib part available on other applications?

Earlier in September, Coinbase added Shiba Inu Coin to the Coinbase Pro app, which is an additional trading platform for professions, as I wrote for the Deseret News.

  • There has been ongoing speculation that Shiba Inu’s play will join Coinbase after the Coinbase Guard platform, which allows people to deposit and withdraw cryptocurrency assets, added support for the Shib token.

Will the value of the Shib coin increase?

For a while, investors believed that the Shiba Inu coin would rise in price and value due to its listing on Coinbase. The Shiba Inu coin often derives more value when it is mentioned on social media, as much of its value is driven by the hype. When social media makes the hype about it, people will learn more about the coin and invest.

That said, the Shib coin remains a risky investment. “Memecoins are very volatile cryptocurrencies that are known to witness sharp moves based on current events,” according to Mint.



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