The excessive price volatility of Bitcoin- which has a finite supply and is distributed via cryptology, with no central intermediary-has elicited numerous discussions about whether the digital asset has intrinsic value. Since its launch in early 2010, Bitcoin has displayed a wild price ride, hitting an all-time high price of around $64 000 in April 2021. Thus, 2017 was a historic year in Bitcoin's price charts: the coin started at $1000 and ended at $19 783.06, representing a 1 824%…
Tag: Coinbase Listing
$SHIB Spikes After Coinbase Listing and Elon Musk’s Cryptic Endorsement
Shiba Inu, the China-based meme coin, spiked more than 34% Friday after trading on Coinbase. Earlier this week, Coinbase announced it supports meme coin Shiba Inu for its customers. Because of this, the trade volume of the token increased, leading to a surge in its price. SHIB is presently the 47th largest crypto globally. It has a $3.4 billion market capitalization. Bitcoin is first, while Dogecoin comes in ninth. According to Coinmarketcap, the coin’s market cap spiked from over $2.2 billion to about…
4 weeks ago
What Would Be The Fate Of Dogecoin After Coinbase Listing?
For Dogecoin (DOGE) holders, the times couldn't be more exciting. Buoyed by endorsements from the likes of Elon Musk and Mark Cuban, the so-called joke coin has appreciated sharply in value. And it seems that the interest it had generated isn't waning anytime soon. Coinbase, U.S's popular crypto exchange platform, has announced plans to list DOGE in the coming weeks. Accelerating Asset On-Boarding According to Coinbase's CEO Brian Armstrong, the exchange is working to accelerate its assets onboarding process. Among…
5 months ago
