Shiba Inu jumps 27% as Coinbase Pro announces crypto listing; Aims to break this price barrier

New Delhi: We all know that Shiba Inu self hailed as a Dogecoin killer has been the flavor of the season in the cryptocurrency market as it is garnering huge attention and has emerged as one of the favored choices of investors, especially in wake of a tailspin in cryptos like Bitcoin and Ethereum.

The most famous Crypto Bitcoin is gaining for 2 days and now suddenly Shiba witnesses a pump of almost 30% in the market. The market cap for Shiba Inu (SHIB) is $3,027,383,333(according to Coinmarketcap) at the time of writing whereas, for Dogecoin the market cap for the currency is $42,023,385,746, which is a slight dip from where Forbes had placed it, earlier in May 2021.

The value of Shiba Inu (15 June 2021) has fluctuated between a 24 hour low of Rs. 0.000512 and a high of Rs 0.000728, at the time of writing.

What’s the reason for the recent Pump?

Shiba Inu saw sudden gain after a huge dump as it is being reported that Coinbase pro, a cryptocurrency exchange platform, is going to list the coin on its platform.

Starting immediately, we will begin accepting inbound transfers of CHZ, KEEP, and SHIB to Coinbase Pro. Trading will begin on or after 9 am Pacific Time (PT) Thursday, June 17, if liquidity conditions are met, says the Coinbase Blog.

The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

Aiming to break this price barrier

Currently, Shiba Inu is priced at $0.00000895. The Shiba community is working hard to break this price barrier and remove 1 zero from the current price. It means that they are aiming for $0.00001000 right now.

What is Shiba Inu coin price prediction?

According to The Sun, the currency has not shown as much growth compared to the Dogecoin and appears to have been made as a way to “give Dogecoin a run for its money”. On the other hand, Dogecoin is highly likely to reach $1. But as how the currency is moving recently, it seems the currency is expected to become a ‘Stablecoin’.

According to Wallet Investor, the price of Shiba will reach around $0.000030 by June 2021 and could rise up to $0.000048, by the end of the year.

As per Gov.Capital, the price of Shiba could reach $0.000025 by June 2021.

According to other reports,  It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022.

When will Shiba Inu reach $1?

It is expected that Self-claimed Doge killer, Shiba Inu can reach at 0.000085 dollars toward the finish of June 2021. If it continues to rise we can say that the cost will be 0.0003 dollars in January 2022. By the calculations, there is a very low probability that it will reach $1 by 2025.