Coinbase has made Shiba Inu available to New York residents. Now the NY residents can trade, buy, sell and save SHIB on Coinbase. Cryptocurrency exchange Coinbase gave this announcement in a tweet to its fans.
The announcement follows Coinbase adding some SHIB trading pairs to its. The price of SHIB shot up following this announcement.
SHIB-EUR & SHIB-GBP order books are now in full-trading mode. Limit, market and stop orders are all now available.Coinbase Pro
At the time of writing, SHIB had risen over 261% in just a month. However, in the past week, the SHIB fell almost 9%.
SHIB Rises Past Dogecoin. Will It Sustain?
Recently SHIB overtook its competition Dogecoin (DOGE) to become the world’s 9th valuable crypto, according to CoinGecko. However, Doge Is trying to regain its position back. Currently, dogecoin is ranking 10th largest crypto by market cap.
SHIB passed Dogecoin in the market cap section by $3 billion. Its price is consistently moving forward. Dogecoin appears to be at a standstill ranging between $0.20 to $0.28.
Moreover, the Shiba Inu army is becoming more powerful than the Doge community, inspiring huge gains on SHIB. The Army has made the coin shoot up by 60% within a 24-hour trading volume.
On the other hand, the Dogecoin society’s influencer is Elon Musk. Without him, the coin might sink in.
ShibaSwap and other DEXs have enabled the rise of SHIB, giving it massive pumps. ShibaSwap also has BONE and LEASH as its two best currencies. Kraken crypto exchange also suggests that they might be listing SHIB for trading on their platform soon.
In the meantime, the Shiba Inu fans are trying to get Robinhood to list SHIB on its platform. It looks like Shiba Inu’s acceptance is also growing, now more especially with AMC Theatres showing signs of accepting SHIB alongside Dogecoin for payments.
SHIB Making Millionaires
Shiba Inu remains in the top position among ETH investors and unchallenged. Just recently, a whale purchased massive amounts of SHIB tokens. The whale moves were seen after Robinhood, suggesting that it will list Shiba Inu on its platform. Furthermore, SHIB is becoming more popular for anyone to ignore.
Shiba Inu is currently one of the valuable cryptos in the market. Many of the earliest SHIB owners are now worth millions. According to CoinGecko Shiba Inu, since May this year, Shiba Inu tokens have shot up by 1900% from $0.0000015 to a current value of $0.00005928.
With its addition to Coinbase and other exchange platforms, it has risen even further. The creation of Crypto millionaires is now more accurate than when it was just on white paper.
The attraction with Shiba Inu making millionaires is encouraging, given that the official timeline for becoming a millionaire using money is about ten years. This timeline depends on a person’s capital and the investment strategies he has for his money. But not so now with the SHIB bull rally began rolling as fast as it could.
Investing in SHIB is purely profitable. However, make sure that you do your due diligence to avoid losing money.