Shiba inu counbase

Shiba Inu is widely considered to be an alternative to Dogecoin ; in fact, proponents of Shiba Inu tout it as "the Dogecoin killer. Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies that are associated with some theme—like the Shiba Inu dog in the case of Shiba Inu and Dogecoin—but are often launched as a parody or inside joke rather than as a digital product that actually has some utility. While Dogecoin was launched in December , Shiba Inu was created in August by an anonymous individual or group called Ryoshi. A tweet from Tesla founder Elon Musk on Oct. Because Musk is one of the most high-profile supporters of Dogecoin and the self-proclaimed "Dogefather," his cryptic tweets often result in heightened volatility in the cryptocurrency space. It remains to be seen whether Shiba Inu will indeed become "the Dogecoin killer" that its growing community of supporters—known as the SHIBArmy—expects.

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Content:

• Coinbase users wake up to ‘billions’ in latest cryptocurrency glitch
• Coinbase exchange lists Shiba Inu (SHIB); SHIB surges over 30%
• CoinSwitch launches Shiba Inu with Riskometer
• Shib coin users say they can’t trade the crypto token on Coinbase
• Shiba Inu scores a listing on Coinbase Pro. SHIB token jumps over 50% in response
• Has Shiba Inu price already peaked?: All you need to know
• Shiba Inu: Coinbase's Best Friend?
• 5 Crypto Investments That Could Steal the Spotlight from Shiba Inu, According to Experts
• Shiba Inu surges 35% after Coinbase adds support for the meme token
• Shiba Inu Was The Most Popular Crypto In 2021 With 43 Million More Views Than Bitcoin

WATCH RELATED VIDEO: SHIBA INU COIN NEWS TODAY: IF YOU HOLD 3,000,000 SHIB YOU MUST SEE THIS - SHIBA PRICE PREDICTION

Coinbase users wake up to ‘billions’ in latest cryptocurrency glitch

For more than a century, the stock market has been a money machine for investors. Although it's not the top-performing asset class year in and year out, it has outpaced all other asset classes over the very long term.

But over the past couple of years, some of the world's most popular cryptocurrencies have left the stock market eating their dust. The Shiba Inu dog breed is the inspiration behind the Shiba Inu coin. Image source: Getty Images. These are life-altering gains. These historic gains in SHIB can be boiled down to a handful of factors. For starters, it can't be overlooked that the market dynamics for cryptocurrencies are nothing like the stock market. While some of the biggest digital currencies can be short-sold, it's very difficult to bet against most cryptocurrencies.

This creates a buy bias that's fueled big gains in some well-known digital currencies, including Shiba Inu. Shiba Inu investors have also benefited from SHIB's being listed on a growing number of cryptocurrency exchanges. The more avenues crypto investors have to buy SHIB, the more likely it is that the community and overall adoption will increase.

Anytime Musk references his dog or posts a meme on Twitter concerning the Shiba Inu dog breed, investors take it as their cue to buy Shiba Inu.

Though Shiba Inu can seemingly do no wrong of late, one number clearly implies that it's headed for disaster. Given the volatility inherent in the cryptocurrency space and a lack of tangible catalysts for a vast majority of digital currencies, median holding periods tend to be a lot shorter than what we'd see for stocks.

According to cryptocurrency exchange and ecosystem Coinbase , here are the median holding times for some of the most-popular digital currencies, as of Oct. As you can see, median "hodlers" are hanging around from one to three months for these widely owned digital currencies. But this isn't the case for Shiba Inu. Coinbase notes that the median hold time for SHIB is only 10 days. What's particularly unnerving about this number is that decentralized exchange ShibaSwap was launched more than three months ago.

With Shiba Inu hodlers having the ability to stake their coins to earn interest, we'd expect to see this median hold time rise considerably. The fact that it hasn't suggests two things. It implies that emotion-driven day-traders are running this show and, secondly, suggests that investors are taking their profits and looking elsewhere.

Maybe the bigger takeaway from this menial day holding period is that conviction in SHIB's long-term prospects as a payment coin aren't as high as you might think. For instance, SHIB has demonstrated virtually no utility outside a cryptocurrency exchange. Online business directory Cryptwerk lists only around merchants globally that are willing to accept SHIB tokens. That's an astonishingly low number for a payment-focused coin ranked as the ninth largest cryptocurrency.

The fact is, Shiba Inu has no real-world utility. Making matters worse, Shiba Inu doesn't offer any competitive advantages. There are more than 13, cryptocurrencies available for trade, according to CoinMarketCap.

Aside from emotion- and momentum-driven gains, there's nothing about Shiba Inu's processing speeds, network capacity, or transaction fees that helps it stand out in a positive way from other payment coins. In fact, I recently highlighted a couple of cryptocurrencies that offer faster transaction processing times at a lower cost. And don't overlook history, either. History may not repeat, but it often rhymes.

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However, there's growing evidence to suggest SHIB is going to tumble sooner than later. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Coinbase exchange lists Shiba Inu (SHIB); SHIB surges over 30%

The Current Outlook is Positive. The Current price of Shiba Inu is 0. Read: Shiba Inu Price Prediction Read about Bitcoin Price Prediction here. Read: Cardano Price Prediction.

CoinSwitch launches Shiba Inu with Riskometer

A memecoin is typically a cryptocurrency that is associated with some theme, often as a joke rather than a serious product. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion. Today, there are around trillion coins of this meme cryptocurrency in circulation. Memecoins are highly volatile cryptocurrencies that are known to witnesses sharp movements based on news events. Over the past year, Shiba Inu has delivered a gain of 89,76, Never miss a story! Stay connected and informed with Mint. Download our App Now!! It'll just take a moment. Looks like you have exceeded the limit to bookmark the image.

Shib coin users say they can’t trade the crypto token on Coinbase

From celebrities constantly supporting SHIB on social media platforms to Coinbase following only the Shiba Inu project on Twitter, check out why the token is so popular in the crypto community. Let us take a closer look at what has gotten the crypto community so excited. CoinMarketCap News. Shiba Inu: Coinbase's Best Friend?

Shiba Inu scores a listing on Coinbase Pro. SHIB token jumps over 50% in response

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Shib coin has had a massive rise recently. But can you still trade the crypto coin? Investors in Shiba Inu coin — a meme-based cryptocurrency token — have reported issues trading the crypto coin on the Coinbase Pro app, per Benzinga.

Has Shiba Inu price already peaked?: All you need to know

The canine-inspired coin was created last month in what seemed to be an attempt to piggyback of the success of meme-inspired Dogecoin, which uses the Shiba Inu dog as its mascot. In late-morning trading in London, the canine-themed token was up The surge was sparked by an announcement on Tuesday night that Coinbase Pro users will now be able to trade the token, which was created in May as a copycat of meme-inspired crypto Dogecoin, which itself has surged in value in recent months thanks to the support of several high profile figures such as Tesla boss Elon Musk. Bitcoin edged cautiously higher from six-month lows as global markets took stock at the end of a wild week and investors hunted for bargains in some digital tokens after the heavy selling of the past month. The largest digital currency by market value gained 2.

Shiba Inu: Coinbase's Best Friend?

Shiba Inu recently rallied to a new high this week. Similar to its predecessor Dogecoin, when the meme coin hit its new high, investors scrambled to sell and take profits. However, Coinbase, which has become known as the leading exchange to trade Shiba Inu, went offline, leaving traders unable to sell their holdings. Users lamented the issue as they were left unable to profit from the SHIB rally that took the market by surprise.

5 Crypto Investments That Could Steal the Spotlight from Shiba Inu, According to Experts

RELATED VIDEO: SHIBA INU TOKEN: I ABSOLUTELY CANNOT BELIEVE IT! IS COINBASE PARNERING WITH SHIB TOKEN!? SHIB 🔥🔥🔥!

All rights reserved. Charles St, Baltimore, MD Investors hoping for a meme coin renaissance should wait a bit more, considering the latest news. For one thing, it shows the strong correlation between these two meme coins. An anonymous individual going by the name Ryoshi created Shiba Inu in April to capitalize on the success of Dogecoin, which started as a joke between software engineers Billy Markus and Jackson Palmer.

Shiba Inu surges 35% after Coinbase adds support for the meme token

Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. The exchange unveiled this news through a blog post on September 16, noting that the canine-themed cryptocurrency is available on Coinbase. According to the blog post , this listing will allow Coinbase users to trade, send, receive, and store SHIB in most Coinbase-supported regions.

Shiba Inu Was The Most Popular Crypto In 2021 With 43 Million More Views Than Bitcoin

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