coinquora.com
- $SHIB token’s price surged by 35 percent after the recent listing on Coinbase.
- The meme token aims to be the Ethereum-based $DOGE alternative
- The project is adding an NFT art incubator and a DEX to their ecosystem
A few months ago, meme token Shiba Inu got listed in Coinbase Pro. Now, the up-and-coming ETH-based $DOGE alternative has successfully been listed on Coinbase. Because of this, the trade volume of the token increased, leading to a 35 percent surge in its price.
According to a Coinbase announcement, the token is available in Coinbase.com as well as in the Coinbase Android and iOS applications. With this, Coinbase users are now able to buy, sell, and trade $SHIB on their platform.
The Shiba Inu token heavily resembles the popular meme coin Dogecoin. But unlike Dogecoin, the $SHIB token is Ethereum-based. Aside from this, the token has a huge circulating supply of one quadrillion.
The project’s ecosystem consists of an incubator for non-fungible tokens and a decentralized exchange called Shibaswap which is under development.
At the time of writing, $SHIB is trading at $0.000008784 per token with a market capitalization of $8,676,994,888 and a 24-hour trading volume of $2,474,458,425.