Dogecoin Rival SHIB Rallies 44% After Coinbase Trading Kicks Off
Meme-coin Shiba Inu (SHIB) that is gaining popularity now, has rallied approximately 44 percent since the largest US-based crypto exchange Coinbase launched trading pairs based on SHIB.
Earlier this week, U.Today covered that Shiba Inu was also listed on the American branch of Binance.
Coinbase Pro initially planned to add Shiba Ina on June 17, together with Chiliz (CHZ) and Keep Network (KEEP). However, certain technical issues prevented it from happening.
Finally, the coin was listed by the professional arm of Coinbase on September 9, which caused SHIB to rally 30 percent. Now, that trading kicked off on September 16, the meme coin added another 44 percent and is trading at $0.00000912 at press time.
At the moment, SHIB is the most famous Dogecoin copycat. It’s market cap has risen to $3,499,482,232, adding almost $1 billion since September 12. The coin’s trading volume has surged to $2,574,016,168, gaining 154.60% over the past twenty-four-hour period, from $1,624,140,154 on September 16.Source