(Crypto Briefing) Shiba Inu Token prices rose by almost 25% within hours after Coinbase listed it on its exchange.
The listing allows investors to transact on Coinbase web exchange, with features also available on Coinbase’s iOS and Android Apps.
Coinbase said that Shiba was pushing to be an Ethereum-based substitute to Dogecoin.
The exchange said that the coin has denominated a supply of quadrillion tokens and has an ecosystem consisting of a decentralized exchange and an NFT project.
SHIB token prices had also risen after an initial listing on Coinbase Pro on September 9. The coin’s value is now at 8.4 cents per 10,000 tokens, with a market cap of $1.2 billion.
Shiba Inu capitalized on the success of Dogecoin, and analysts are now keen to see whether it will sustain its legitimacy.
SHIBUSD is currently down -0.34%.
