Shiba Inu is getting back in the game with this latest crypto exchange listing!
Coins.ph, a popular cryptocurrency exchange in the Philippines, has brought Shiba Inu back from the dead by adding it to its top 20 cryptocurrencies listing. The so-called Dogecoin killer was having a hard time competing with its Meme-coin nemesis lately and things are looking up as of now.
The BSP regulates Coins.ph as the first blockchain firm in Asia to get a license as an Electronic Money Issuer and Virtual Currency exchange (EMIVC). According to its Mission statement, Coins.ph is “the most established crypto brand in the Philippines and has earned the confidence of over 18 million users.” Coins.ph was also awarded Best Blockchain or Distributed Ledger Technology or Platform at The Asian Banker Philippine Awards 2019.
The platform uses its infrastructure coupled with strategic partnerships with two major blockchain networks, Ripple and Stellar, to cater to its growing user base by opening the Philippines to more banks, money transfer operators, or payment providers. The platform enables its users to make bill payments, buy digital currencies, send money, and purchase and sell or do transactions through bitcoin.
Effect on Shiba Inu
As a result of this listing, analysts assessed the Shiba Inu price trend and forecasted a run-up to the bullish goal price of $0.0000140. The meme coin could recover its losses and begin an uptrend with a $0.0000140 price objective in mind. Sunday’s Coingecko stats show that Shiba Inu is presently trading at $0.00001180, an increase of 7.1% over the last seven days.
However, this is not the first time for Shiba Inu because a number of major exchanges like Robinhood and Bitstamp have also listed the memecoin recently.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.