Published: Wednesday, June 16, 2021
According to the latest announcement, Coinbase, the largest U.S. cryptocurrency exchange, will list Shiba Inu (SHIB), Chiliz (CHZ), and Keep Network (KEEP)—the latter often regarded as a Pro Dogecoin (DOGE) clone. Following this news, all three cryptocurrencies surged, with SHIB leading the rally.
Shiba Inu Rallies 30%
Post-announcement, Shiba Inu (SHIB) spiked over 30%, climbing from $0.00000726** to **$0.00000968. At the time of writing, SHIB traded at $0.00000898**, still significantly below its all-time high of **$0.0000388 (May 10, 2021).
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Key Details:
- Coinbase Pro listing goes live on June 17.
- Only deposits are enabled initially; trading begins after liquidity checks.
Chiliz and Keep Network Gain Momentum
Alongside SHIB, the other two listed tokens also saw notable jumps:
- Chiliz (CHZ): ~15% increase.
- Keep Network (KEEP): ~16% increase.
Why Listings Drive Price Volatility
Crypto listings on major exchanges often trigger short-term price surges. However, analysts caution that these spikes are usually temporary, with prices often retracing to pre-pump levels.
Pro Tip: Always monitor liquidity conditions and market sentiment around exchange listings to avoid impulsive trades.
FAQs
1. When will SHIB trading start on Coinbase Pro?
Trading begins on June 17, pending liquidity confirmation.
2. Why did SHIB’s price drop after its ATH?
Market corrections and profit-taking caused the decline from its May 2021 peak.
3. Are CHZ and KEEP good investments post-listing?
While listings boost visibility, long-term viability depends on project fundamentals.
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Sources: Compiled from Coin-Turk. Original content by İlayda Peker.
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