The self-proclaimed "Dogecoin killer" gains momentum with its upcoming ShibaSwap DEX launch.
Coinbase Pro has added Shiba Inu (SHIB) to its list of tradable tokens, sparking a 24% price surge. This move comes just weeks after Dogecoin (DOGE) was introduced on the platform. Starting tomorrow, users can trade SHIB in USD and USDT pairs (excluding New York residents).
Why Shiba Inu?
- Community-Driven Experiment: SHIB positions itself as a decentralized community project, outlined in its lighthearted "Woof Paper."
- Massive Supply: With 1 quadrillion tokens initially minted, SHIB aims for micro-price growth potential.
- ShibaSwap DEX Launch: The upcoming decentralized exchange will feature staking ("burying") and yield farming ("digging") for BONES tokens, further boosting demand.
Where to Buy Shiba Inu (SHIB)
Key Reasons to Consider SHIB
- Recent Volatility: SHIB skyrocketed 2,200% in April 2023, demonstrating high-risk, high-reward potential.
- Ecosystem Expansion: ShibaSwap’s "Puppy Pools" offer staking and farming rewards, adding utility.
- Exchange Support: Coinbase Pro’s listing enhances liquidity and accessibility.
Additional Listings
- Chiliz (CHZ): For trading fan tokens on Socios.com.
- Keep Network (KEEP): Bridges private and public blockchain data.
Trading Pairs:
| Token | USD | GBP | EUR | USDT |
|-------|-----|-----|-----|------|
| SHIB | ✅ | ❌ | ❌ | ✅ |
| CHZ | ✅ | ✅ | ✅ | ✅ |
| KEEP | ✅ | ❌ | ❌ | ❌ |
FAQ
Q: Is Shiba Inu a good long-term investment?
A: Its viability depends on adoption and ShibaSwap’s success. High supply may limit price ceilings.
Q: Can New York residents trade SHIB on Coinbase Pro?
A: No, due to regulatory restrictions.
Q: What’s the difference between SHIB and Dogecoin?
A: SHIB positions itself as a utility token with an ecosystem, while DOGE relies more on meme culture.
👉 Learn more about SHIB staking
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