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Amid the Shiba Inu frenzy, Coinbase has also joined the trend to gain more traction from Social Mediaās exclusively popular meme coin. Earlier today, a trader tweeted a screenshot from Appleās App Store, where Coinbase was listed on No.1, even before TikTok and Instagram.
Didnāt even notice it until now https://t.co/5IuGROyz32 pic.twitter.com/Yfe1YrWhi9
ā Yuri Sagalov (@yuris) October 28, 2021
The exchange platform intelligently used the Shiba Inu (SHIB) ticker in the name of its organization, accompanied by the OG Bitcoin (BTC), and ever-evolving Ethereum (ETH). The crypto community on Twitter has speculated this as another āgrowth hackā by the exchange, where the platform temporarily showcases internet-famous crypto to use the tokenās trending status in advertising its application.
According to CoinGapeās reportage of Shiba Inuās exceptional growth, it was revealed today that SHIBās market cap grew to $42 billion and made it the ninth-largest cryptocurrency. Regardless of Muskās tweet about not owning any SHIB in his crypto portfolio, and trying to push DOGE, the coin still stood strong at an all-time high of $0.000088 this morning, with speculations of touching $0.0001. However, by early afternoon SHIB saw a considerable correction, reaching $0.00006633, with a market cap of $37.9 billion, at the time of reporting.
Coinbase supports XRP but wonāt Re-list it?
Coinbase is attempting to appear more inclusive and community-friendly, with its latest NFT trading platform upgrades and statements by the CEO about the ongoing XRP lawsuit. Coinbase CEO, Brian Armstrong recently claimed that Ripple is doing better in the lawsuit than expected.
āThe Ripple case seems to be going better than expected. Meanwhile, the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).ā, he said.
However, despite a consistent appeal from the XRP community to re-list the token on its exchange platform, Coinbase has not taken any action on these requests. This may speculate at the organizationās ill-intent towards tokens, questioning if the platform only takes advantage of the popular and regulator-free tokens, but abandon the ones that may be under regulatory oversight. While Coinbase aims to maintain support from the XRP community by comments from its CEO, the platform still fails to show any real support.
The post Did ShibaInu ticker rally Coinbase to the top of the US Apple App Store? appeared first on Coingape.
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