Will eToro List Shiba Inu and further boost the coin’s trading volumes above 600K holders?

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Shiba Inu has been included to eToro’s investment portfolio due to increased demand for low-cap cryptocurrencies and meme-themed virtual currencies. 

Users have been requesting that eToro include popular cryptocurrency assets. It now backs Shiba Inu, the Dogecoin killer project that just surpassed 600,000 holdings thanks to range-bound price action despite its recent launch.

For individuals trading on exchanges like Crypto.com, the Ethereum-based virtual currency has become a popular option. According to statistics from Crypto.com, listing Shiba Inu had a significant effect on the number of crypto traders it attracted, with a 54 percent rise from May to June and 221 million users, up from 132 million at the end of April.

Will eToro list Shiba Inu, perhaps causing a price surge? 

SHIB was intended as a viable alternative to the popular meme-themed Dogecoin, and its creators have already built the ShibaSwap decentralized trading platform.

Demand is expected to rise further as a result of the current Shiba Inu listing on eToro. The coin is now worth 100 million units of one-hundredth of a Shiba Inu, often known as a “Lot.”

A unit of that instrument is “a lot” of financial instruments, which may vary in size on various exchanges.

Traders on eToro may invest any number of lots over the $25 minimum investment requirement.

At the moment, Shiba Inu isn’t in any CopyPortfolios. Regardless, the eToro investing team rebalances portfolios on a regular basis and may add SHIBxM to a portfolio if it seems suitable in the future.

Until recently, eToro enabled clients to purchase SHIBxM index positions without using leverage. Demand for SHIBxM has risen considerably, which may be reflected in the coin’s current price. The cryptocurrency is now up 7% in 10 days, and eToro has opened SHIBxM for copy trading, which may lead to much more substantial profits.

The Shiba Inu’s listing comes at a time when the breed’s value is under serious jeopardy.

Will eToro List Shiba Inu and further boost the coin’s trading volumes above 600K holders?TradingView is the source of this information.

On the 12-hour chart for SHIB, a symmetrical triangular pattern was seen before to the listing, indicating a sideways movement. SHIB had higher lows and lower highs, resulting in two trends that connected at the apex, creating a symmetrical triangular pattern.

Despite the fact that the chart suggests SHIB’s price is uncertain, the coin is currently on the verge of a severe drop after passing below a critical support line. The main pattern’s calculations indicated that the meme-themed coin may drop 19 percent, with bears targeting $0.0000050 as a goal.

If the price goes below the diagonal support trend line, there is a strong likelihood of a negative SHIB prediction.

Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.

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This article broadly covered the following related topics:

  • shiba inu coin news today
  • shiba inu coin price
  • etoro shiba inu
  • shiba inu coin price prediction
  • shibaswap

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Emilia James
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