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- Coinbase has added support for a popular Dogecoin (DOGE) imitation, continuing its recent binge of launching new crypto assets
- At the time of writing, Shiba Inu was trading at $0.00000878, up over 30% on the day
- Ethereum Ethereum has gained a tiny 1.2 percent in the last week of trade and is now trading at approximately $3450
Coinbase has added support for a popular Dogecoin (DOGE) imitation, continuing its recent binge of launching new crypto assets. Shiba Inu (SHIB), a meme coin that seeks to be an Ethereum-based alternative to DOGE, is the exchange’s newest acquisition. On January 1st, the 47th-ranked asset by market cap was trading at $0.00000000008. SHIB soared 47,387,400 percent to an all-time high of $0.00003791 on May 10th, thanks in part to Tesla CEO Elon Musk’s comments, before plummeting partly down to earth, according to CoinGecko.
At the time of writing, Shiba Inu was trading at $0.00000878, up over 30% on the day. The cryptocurrency is also still up 8,667,114.6 percent year to date. SHIB has been integrated into Coinbase’s website, mobile applications, and Coinbase Pro platform.
This summer, the exchange’s CEO, Brian Armstrong, stated that the exchange was working hard to list as many cryptocurrencies as possible. Rari Governance Token (RGT), XYO Network (XYO), DerivaDAO (DDX), DFI.money (YFII), Radicle (RAD), COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA), Harvest Finance (FARM), Fetch.ai (FET), Paxos Standard (PAX), Polymath Network (POLY), Clover Finance ( (ZEN).
Ethereum has gained a tiny 1.2 percent in the last week of trade and is now trading at approximately $3450. Last Friday, the currency found support at $3205 (.5 Fib) and began to rise from there. A rising trend line that stretches back to August added to the support near $3200. ETH is in a similar predicament to BTC, having fallen below the 20-day MA line yet again today. Last Friday, the currency established support at 0.0711 BTC (.382 Fib & 20-day MA) and began to rebound from there. ETH managed to breach the 20-day MA on Wednesday and climb to 0.076 BTC yesterday.
Unfortunately, it was unable to overcome resistance at 0.076 BTC yesterday and has since fallen below the 20-day MA at 0.074 BTC to its current level of 0.0728 BTC. A September rising trend line is now supporting it. The trend line is the first support in the near future. 0.072 BTC, 0.0711 BTC (.382 Fib), 0.07 BTC (50-day MA), and 0.0691 BTC follow.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
