It is no secret that the Shiba Inu token has taken the cryptocurrency world by storm in recent months. The token, which was created as a parody of Dogecoin, has seen its price skyrocket as investors have flocked to it in droves.
This week, the Shiba Inu token reached a new all-time high, with its price hitting $0.000038.
This marks a staggering increase of over 8,000% since the token was first listed on exchanges in mid-May.
With such incredible growth, many investors are wondering if Shiba Inu will be listed on Coinbase, one of the most popular cryptocurrency exchanges.
Unfortunately, it is highly unlikely that Shiba Inu will be listed on Coinbase any time soon. The exchange has a very strict listing process, and tokens must meet a number of criteria before being considered for listing.
One of the key criteria that Coinbase looks at is whether a token is backed by a strong team of developers. Unfortunately, the Shiba Inu project does not have a very strong team behind it.
In fact, the project is largely anonymous, with no one know who is behind it.
Another criterion that Coinbase looks at is whether a token has a use case. While Shiba Inu does have a use case (it can be used to tip content creators on social media platforms), it is not a very strong use case.
compared to other cryptocurrencies.
Finally, Coinbase also looks at whether a token is compliant with US regulations. Given that Shiba Inu is an ERC-20 token, it is highly likely that it would not be compliant with US regulations.
For all these reasons, it is highly unlikely that Shiba Inu will be listed on Coinbase any time soon.