This shows that this is a highly volatile crypto that is not suitable for most investors.įREE REPORT: 13 Cryptos Ready to Rocket Like Dogecoin That is exactly what happened when the crypto spiked after the news of the Coinbase listing.īut, of course, Shiba Inu’s price then drifted down. It could easily do so over the next year, depending on what news comes out. That, by the way, does not mean that SHIB’s price won’t rise. I own Dogecoin, but I do not own Shiba Inu cryptocurrency as even I think it is too speculative. That probably rules out 99% of most investors. You can trade almost any major cryptocurrency on these two major exchanges. However, since Coinbase and Binance have both listed Shiba crypto, the ShibaSwap exchange has probably lost a good deal of its utility. There are a number of videos on social media about how you can trade and buy Shiba Inu crypto on this exchange and trade them for other coins and tokens. ShibaSwap allows users to trade, pool and stake the cryptocurrency. In fact, Decrypt says this has happened with the establishment of ShibaSwap, a profitable SHIB-based decentralized exchange. “ It’s to trade them with the hope that a critical mass of users will develop, as happened with Dogecoin in the early days.“ “ The main purpose of the current crop of meme tokens isn’t to unlock a utility on some protocol or to deploy as votes on governance decisions…” First, the magazine describes what the purpose is not:ġ0 Hyper-Growth Stocks to Be Careful of as We Near a Correction It talks about the purpose of meme tokens like Shiba Inu. Where This Leaves Shiba Inuĭecrypt magazine makes a very good point about the rise of SHIB. Nevertheless, that means the crypto token is still up 7.85% from its price before the listing. InvestorPlace - Stock Market News, Stock Advice & Trading Tips 30, CoinMarketCap ranked Shiba Inu as the 47th largest crypto.Īfter Sept. ![]() CoinMarketCap has the best chart to view the coin’s price action, as it is more detailed than most other sites’ data. For example, before it was listed, the price was $0.000006722, or.
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