A huge inflow of funds can be seen in the Shiba Inu Coin market cap. And also the price of Shiba inu coin is pumped but right now at 7% down by 24 hour because of a market crash.
Just like DogeCoin, Shiba Inu coin also got support by the Elon Musk shoutout and this coin surged by around 15,067,601% from its all time low of November. Now this coin is getting highlights again by the crypto market because of Coinbase listing. Since Coinbase already announced to list Shiba Inu but due to technical issues or something else, they stopped the full listing.
Coinbase exchange announced about the full listing of Shiba inu coin, yesterday on 17 September and stated
“SHIB is now live on Coinbase and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive or store SHIB,”
Shib Inu coin traded with total volume around $2 billion across all the crypto exchanges. And also its price surged by 35%. But as of right now the crypto market has crashed, so most of the crypto assets declined by a big number. Current price of Shiba Inu coin is 0.00000842 USDT, which is 7.7% down from its 24 hour gain, at the time of writing this article.
These types of things, shows how much people needed huge knowledge and education in crypto. Because Shib Inu is just a part of hype and people are doing trading because of the hype. Most of the people are doing Investment because of the conversation about meme coins on social media and doing Investment blindly without thinking about the future and basic technology of Shiba Inu coin.