Shiba Inu Coin Update: Shiba Inu Coin is again back with a tremendous gain of over 35% after coinbase opened shib for inbound transfers.
The overall crypto market was red after the recent selloff of Bitcoin yesterday causing a really strong dip. But when coming to shiba Inu, Shiba Inu gave over 30% gain, going against the price pattern of the overall Cryptocurrency market.
So, what happened exactly? And most importantly, What can be expected next?. These questions will be answered in today’s article. We will also discuss the future prediction of Shiba inu and major upcoming catalysts of September month.
So, stick to the end because today’s article is full of major updates. So without further ado let’s quickly check today’s price action of Shiba Inu.
Currently, as we can see, the price is rolling around 66 satoshi units, which is not 24 hours high. Of course selloff happened after reaching high causing a little price drop.
Overall market cap increased by almost 10% to around $2,600,000,000 with 24 hours trading volume increased by 54% of $970,000,000.
Shiba inu holder’s count increase to 650,000 active wallets which is really huge for this and After reaching the 24 hours high of 82 satoshi units, selloff happened as many of us were waiting for this change, causing a little price-drop.
But after this price correction and more purchases, shiba inu can again show a rising price pattern, just like the iotex coin reflected last month after the listing on coinbase.
Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday September 9, if liquidity conditions are met”
Then, offical twitter accout of shiba inu gave shoutout to this saying: “Coinbase Pro releases major announcement for shib. Inbound transfers will now be available in the regions where trading is supported.
Once sufficient supply of shib is on the platform, shib-USD and shib-USDT order books will launch in a 3 phase approach.”
This is not exactly a listing on coinbase, but only inbound transfers of shib for coinbase users. This was confirmed by coinbase later. They said: “shib is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.”
Also Read – Shiba Inu Coin Holders | Major Updates 2021
So, this certainly acknowledges and teases a potential and upcoming next move. Hence, we can see the impact of coinbase acknowledgment on the price of Shiba Inu.
Imagine, if they make it available to trade by listing on the coinbase platform. What do you think about this?. Do let us know in the comment section below.
Another big update is coming from a huge purchase 150 billion Shiba Inu coins. A mysterious large wallet investor recently added 150 billion shib tokens to their wallet while the token witnessed a massive surge in price. The whale is known to have converted their Ethereum holdings to Shiba Inu coin. The overall price of this purchase is around 1.1 million dollars.
This was repoted by whalestats on their Twitter handle. They confirmed this with the wallet address and transaction details.
So, is this was what whales were aware of? The said wallet holds cryptocurrencies worth $158.4 million based on data from Whalestats and transactions ranked number 16 on whalestats.
Historically, whale movements drive the volatility of Shiba-Inu-themed cryptocurrencies DOGE and shib. The rising volatility currently has a positive impact on shib’s price, and analysts have set a bullish target of $0.000009 for the token.
Even, FXStreet analysts have predicted that the token will rebound to $0.000009 in the current rally. It is very likely that Shib will cut few zeroes out of its price.
Shiba Inu fame can be confirmed by the recent listing on Webull. WeBull Golbal, one of the major cryptocurrency exchange recently listed shiba inu on thier platform,
Shiba inu got so popular that Shib got number one rank on webull popularity. Almost 100k webull users have shiba inu in their watchlist. This was reported by
Shibarmy on reddit port, which was further reshared on twitter by Shibinformer. Further, Robinhood is the next. Insider news is that in september, we can expect shiba inu to be listed not only on coinbase but on Robinhood as well.
So, if you were planning to buy dips, you had enough time as shib was around 55 satoshi units in the first week of September. But it is never too late, price is ready to bounce, and listing on robinhood and coinbase are the major upcoming catalysts of september month.
In short, many factors suggest that it won’t be long before new peak prices in the crypto market. At the same time, it should show the growth of Shiba coin, at the moment it does not show much of what it is capable of. But during the height of the altseason, or rather even at the end of it,
Shiba should show significant growth. After all, most memecoins grow during this period. The developers are really trying to improve their project, introduce new features, improve the ecosystem, and the like.
Perhaps many now do not understand that if there is a continuation of the bull market, then you need to pay attention to coins that have not yet given strong growth.
One of them is Shiba. The development of the project from the developers and a strong army of fans are two things due to which the shiba can fly to the moon.
At the moment, the Shiba project has many points that are of interest to ordinary crypto investors: in other words, the developers will creat a token burning system.
They are also going to limit the circulation of the issued tokens. An important moment for its ecosystem was the emergence of the NFT platform for sales. Now the NTF segment is becoming more and more popular, which means there will be more and more burning, which is what everyone is waiting for.
The developers also announced that they will have their own blockchain in December. It would seem that this is a very big step for such a meme coin, as everyone thinks. It can be understood that it is required that most of the coins be burned, then this will give an impetus to the rise in the price of the coin to the moon.
Restricting the circulation of coins will also increase their value. From all of the above, we can conclude: the ecosystem, developers are beginning to amaze with their efforts, more and more cool tricks are invented and applied that will only benefit the all Shiba project.
Conclusion – Shiba Inu Coin Update
And with that being said, we have come to the end of today’s article.
We hope you enjoyed it. What do you think about the Shiba inu coin being a potential million-dollar investment?
The crypto community for the coins is the most vital supporter, and the input they provide into the development of the coin is huge, and of course, that makes a lot of difference.
Tell us in the comment section below how you would invest in the coin and how much of your portfolio is dedicated to Shiba Inu.
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