Bitcoin News

Crypto Asset That Surged More Than 8,600,000% This Year Now Listed on Coinbase

Coinbase is continuing its recent spree of listing new crypto assets by adding support for a popular Dogecoin (DOGE) copycat.

The exchange’s newest addition is Shiba Inu (SHIB), a meme token that aims to be an Ethereum-based alternative to DOGE.

 

The 47th-ranked asset by market cap was trading at $0.00000000008 on January 1st. In part thanks to the tweets of Tesla CEO Elon Musk, SHIB skyrocketed by 47,387,400% to an all-time high of $0.00003791 on May 10th, before crashing partially back down to earth, according to CoinGecko.

Shiba Inu is trading at $0.00000878 at time of writing and is up nearly 30% on the day. The crypto asset is also still up a whopping 8,667,114.6% on the year.

Coinbase added support for SHIB across its website, mobile apps and Coinbase Pro platform.

The exchange’s CEO Brian Armstrong said this summer that the exchange was hustling to list as many altcoins as possible.

Coinbase has recently added support for the 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 (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Braintrust (BTRST) and Horizen (ZEN).



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Featured Image: Shutterstock/Sergey Nivens

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