Shiba Inu (SHIB) and Chiliz (CHZ) posting growth

Fri 18 Jun 2021 ▪ 10h24 ▪ 3 min read — by Greg Hansen

All it takes is news, whether good or bad, for cryptocurrencies to gain or lose value. While this is true with cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), it is also true with meme coins, such as Shibu Inu (SHIB), and other altcoins, like Chiliz (CHZ). Both these cryptocurrencies have seen a growth in value over the past couple of days: SHIB is up 33% and CHZ is up 26%.

Growth of more than 2,000,000%

On Wednesday 16th June, an official announcement was made concerning Shiba Inu and Chiliz: The pair will now be listed on Coinbase Pro. Following this good news, both cryptocurrencies saw their value jump by 33% and 26% respectively.

Trading for both cryptocurrencies was set for launch on Thursday 17th June. According to the information revealed, the trading pairs will be launched in three phases: post-only, limit-only and full trading.

Since it exploded onto the cryptocurrency scene, Shiba Inu has come a long way. The token represents a meme version of the Shiba Inu dog breed that is similar to Dogecoin (DOGE). Although the valuation of Shiba Inu’s token is still low – far, far below a penny – it has grown by more than 2,000,000% since May. This is due to the fact that it was listed for trading on Binance and other exchanges.

Coinbase enriches its base with Keep Network

On the back of Coinbase’s announcement, SHIB’s price went from $0.000007002 to $0.000009331. This means that the token was onf of the top gainers in the top 100 cryptocurrencies by market cap.

Chiliz has also experienced growth. The price of his coin rose on Wednesday from $0.2773 to $0.3495. Chiliz is the token that is behind the fan token platform Socios.com. On this platform, fans can buy tokens linked to large sports clubs; for example, FC Barcelona and Manchester City.

Coinbase does not intend to stop any time soon. After Chiliz and Shiba Inu, it plans to add a new token: Keep Network. This token also saw a brief increase of 26%, with a price rise from $0.49 to $0.62. However, since then, it has lost some of these gains, dropping back down to $0.50.

Unlike other cryptocurrencies, Keep Network focuses primarily on providing private data storage on public blockchains.

Coinbase welcomes to its repertoire two new cryptocurrencies: Chiliz and Shiba Inu. As of this announcement, both assets have gained value and jumped by 26% and 33%, respectively. But Coinbase does not intend to take a break. The platform plans to enrich its catalog with Keep Network.

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Greg Hansen avatar
Greg Hansen

Belgium native who has a passion for writing. Since 2015 I have understood that the blockchain will radically change our lives, and I absolutely want to share my findings with you!


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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