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Shiba Inu Now Live On Coinbase, Can SHIB Price ‘Kill A Zero’ Now?

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Highlights

    Shiba Inu price received a major boost as it went live to trade on Coinbase.com and also on its Android & IOS apps

    The price received an immense bullish momentum and propelled high gaining a double-digit surge within minutes.

    The price appears poised to go long way yet $0.00001 still remains much distinct

Shiba Inu finally gets live on Coinbase.com a week after its listing on Coinbase Pro. The asset is now live to trade on Coinbase.com, its Android & IOS apps which could attract a wider user base. And therefore, the SHIB price rallied breaking through the consolidation to  trend above $0.00000800.

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Previously when the asset was listed on Binance and Coinbase Pro, a similar but less intensified rally was witnessed. But the rally appears to be more violent as the price still continues to jump despite a slight pullback. Moreover, the price is constantly attempting to prevent the bears to extract all the profits and in turn, drag the value down.  

Currently, the SHIB price just touched the key resistance area and tanked below these levels. However, the price is reattempting the surpass these levels in order to test the next resistance zone above $0.00000922. Further killing a zero and rallying above $0.00001 could be imminent for the asset.

shib price

After a week-long consolidation, the price broke through the narrow trend, accumulating huge strength. And the huge single green candle is the proof of the building strong bullish momentum. The asset remained at the top of the trends since it was listed on Coinbase Pro and the listing on Coinbase resulted in a 440% jump in the trading volume. 

The trading volume spiked from just $185 million to more than a billion within minutes of the announcement. And very soon the asset could enter the top 50 cryptocurrency ranking with another 10% jump. Coinbase exchange is currently the second-largest market for the asset after Binance, accounting for almost 20% of the total trade. 

Collectively, while the crypto space is just having a serious thought before the next leg up, Shiba Inu price rose mercilessly. The asset which was thought to be dead due to drowned social media attention, regain through this marvellous move. Coinbase exchange which is among the top exchanges in the crypto space could uplift the SHIB price above $0.0001 which it is attempting for a very long.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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