Coinbase announced it would list Shiba Inu on their platform. Investors were given access to buy and sell the meme-token, making it easier for people to purchase the coin with the click of a button than go on tedious steps on exchange swaps to own it.
The price of Shiba Inu has skyrocketed after Coinbase listing and has risen upto +40% in the day's trade making SHIB the superstar of September.
Shiba Inu was listed on WeBull, Coinbase Pro, Binance and Coinbase all in a month's time in September and has boosted its prospects on reaching the milestone of 1 Cent. Financial analysts predict that if SHIB catches on to the market's bull run, it could knock out a zero by the end of 2021.
Also, SHIB's market cap has risen to a stellar +35% after Coinbase listing and now stands at a whopping $3,574,552,316. Its trading volume saw a phenomenal rise of +1067% all in a days time and enjoyed a staggering $2,395,698,616 in trading volume.
SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB.
— Coinbase (@coinbase) September 16, 2021
Now that Shiba Inu is trading on every mainstream exchanges around the world, the coin stands at a turning point in better prospects and could bypass its previous all time high of $0.00003791 which it saw on May 10, 2021.
While all the major exchanges have got Shiba Inu on board at present, Robinhood seems to have missed out on the meme-currencies' frenzy and is at risk of losing the larger share of the revenue pie it has to offer.
Robinhood is most likely to announce a SHIB listing sometime in September itself and reports state that the coin is 'loaded' into their platform for testing purpose and would soon go live. A Robinhood listing could see Shiba Inu's price nearly double as it has a large share of customers who use their trading app.
The International Business Times had predicted that Shiba Inu would rise more than 25% in September and our prediction turned out to be accurate. At the time of publishing, Shiba Inu was trading at $0.00000917 and is up 35% in the days trade and the coin is expected to shoot up further in the coming days due to the new listings.
