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The post Coinbase Pro takes a U-Turn on Shiba Inu! SHIB Price drops 10% appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Shiba Inu has been on a roll of late, It has been surging well in successive sessions over the past few days. SHIB was set to debut on the most regulated exchanges in the world, Coinbase Pro. It was all good in the hood until Wednesday when Coinbase pro made a change to its SHIB plans.

Coinbase announced earlier this week that Shiba Inu, along with  Chiliz and Keep Network will be on its Pro platform. Users were given the option to add their SHIB, KEEP, and CHZ to their accounts on Monday. As long as liquidity standards were met, trading was set to commence on June 16.

This news made SHIB fans go crazy. However, the happiness was short-lived as Shib faces a hick-up. Due to technical issues, the launch of Shiba on Coinbase has been temporarily delayed. The exchange took to Twitter to make the announcement yesterday.

SHIB Price Plunges 10% 

SHIB fell about 10% as a result of the news, wiping all the gains made earlier this week, and trading volumes are down nearly 50%. The coin is currently down a huge 80% from its all-time high on May 10.

According to the price charts, SHIB is currently set at a ‘support’ level. The $0.0000076 level tends to be a demand level, and the $0.0000097 level appears to be the supply level.

SHIB’s debut on Coinbase Pro is divisive as many investors are wary about Shiba Inu. Some members of the crypto community believe this launch was a tactic for Coinbase Pro to stay relevant in the market. 

However, there’s still hope for SHIB fans as Coinbase Pro has said it’s looking forward to enabling SHIB deposits soon. “We will provide an updated timeline for restoring deposits & enabling trading as soon as possible,” the exchange mentioned in the tweet.

One thought on “Coinbase Pro takes a U-Turn on Shiba Inu! SHIB Price drops 10%

  1. After reading the post about Youtube crypto influencers being the modern-day snake oil salesmen I realized that I still use Youtube for my daily updates. I started with sensationalist ones, as Youtube was giving me them as a result of my searches, but with time I learned how to distinguish the quality from sensationalism. Now I use it for specific niche updates, and it's a relaxing format that I can consume while eating or chilling. But Twitter, Telegram, and Discord play a very significant role as well, each serving its own purpose and I realized that I use them differently. I wonder if its similar for everyone.

    What would you say are your primary sources of information for daily updates and how do you use each source?

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