In an awaited and much-anticipated tweet, Coinbase posted that inbound exchanges for SHIB are available from September 9th in the regions where trading is supported if liquidity conditions meet.
With SHIB being much more accessible because of its Coinbase adoption, more investors might be keen on getting their hands on the token dubbed the “Dogecoin killer.” Even though the Shiba coin was founded initially as a rival for Doge, it rides in its competitors’ coattails. Shiba is bound to get away from the “Dogecoin effect” after it develops its project to another level in the coming days. But for now, the leading meme coin has a significant impact on Shiba’s price action.
Lately, Dallas Mavericks team owner Mark Cuban told CNBC that he thinks dogecoin is the strongest cryptocurrency when it comes to making actual purchases. In March, the team became the first in the NBA to accept dogecoin for ticket and merchandise sales.
Then a few days after this, at that point, on Saturday, Tesla and SpaceX CEO Elon Musk tweeted that he was on the same boat with Cuban about the nature of the coin.
These statements from Billionaire entrepreneurs raised Dogecoins’ value which has also affected Shiba to some extent.
Mark Cuban has also shared some investing advice for folks who have been considering dipping their toes in the cryptocurrency game. He says, “You’ve got to know why you’re investing.”
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