The Shiba Inu (SHIB) community is actively promoting the token's application for an ETF, highlighting its presence on over 110 exchanges and 212 trading pairs.
The Shiba Inu (SHIB) community team is actively campaigning to strongly support the candidature of the popular meme coin as a viable candidate for an exchange-traded fund (ETF).
Despite the significant growth of Shiba Inu in the cryptocurrency market, currently ranked 17th by market capitalisation, no asset manager has yet applied for a SHIB-based ETF in the US.
To address this situation, the Shiba Inu team, led by marketing manager Lucy, has launched a campaign to demonstrate SHIB's suitability as a financial product. Lucy pointed out that the token is available on over 110 cryptocurrency exchanges with an impressive 212 trading pairs, including the widely used SHIB/USDT and SHIB/BTC.
SHIB is listed on over 110 exchanges with 212 trading pairs-including all the major platforms. It's basically everywhere: easy to access, easy to trade.
Is SHIB good for an ETF? YES.
Will boomers invest in a "doggy coin"? Also yes. Because SHIB isn't just a meme-it's...
This wide availability facilitates investor access, a crucial factor for any asset aspiring to be included in an ETF. In addition, the high liquidity generated by these multiple trading options reinforces SHIB's position as a viable asset for an ETF.
Why should Shiba Inu be considered more than just a meme coin?
Lucy highlighted the extraordinary evolution of Shiba Inu from its origins as a meme coin to a thriving, decentralised, community-driven project. Over the years, SHIB has evolved and matured, positioning itself for long-term relevance in the market.
Lucy's proposal for SHIB as a long-term asset aims primarily to reassure traditional investors, who may be reluctant to invest in assets perceived as ephemeral or inherently volatile.
SHIB is resistant to price manipulation
Lucy also addressed concerns regarding price manipulation, arguing that it would take a huge amount of capital to significantly affect SHIB's value. He suggested that even a billionaire attempting such manipulation would have a comparable impact on large assets such as Bitcoin.
The decentralised structure of SHIB makes it inherently resistant to manipulation, offering greater stability to new investors, according to Lucy. In addition, SHIB's demonstrated ability to recover quickly from market declines further solidifies its position as a resilient asset, capable of dealing with volatility, making it a more attractive choice for an ETF.
What does SHIB's latest market performance indicate?
The latest market data shows that SHIB's price has risen 1.38 per cent in the past 24 hours, reaching $0.00001313. This increase is accompanied by significant growth in trading volume, which has risen 31.09%, signalling growing investor interest.
The future of Shiba Inu: everything you need to knowSource: CoinMarketCap
Technical indicators also paint a positive picture for SHIB's potential price movement. The MACD indicator currently shows a bullish trend, with the MACD line positioned above the signal line, suggesting continued positive momentum in the short term.
In the meantime, the RSI is at 48.38, indicating balanced market conditions for SHIB, with no overbought or oversold signals.
The Shiba Inu (SHIB) community team is actively campaigning to strongly support the candidature of the popular meme coin as a viable candidate for an exchange-traded fund (ETF).
Despite the significant growth of Shiba Inu in the cryptocurrency market, currently ranked 17th by market capitalisation, no asset manager has yet applied for a SHIB-based ETF in the US.
To address this situation, the Shiba Inu team, led by marketing manager Lucy, has launched a campaign to demonstrate SHIB's suitability as a financial product. Lucy pointed out that the token is available on over 110 cryptocurrency exchanges with an impressive 212 trading pairs, including the widely used SHIB/USDT and SHIB/BTC.
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This wide availability facilitates investor access, a crucial factor for any asset aspiring to be included in an ETF. In addition, the high liquidity generated by these multiple trading options reinforces SHIB's position as a viable asset for an ETF.
Why should Shiba Inu be considered more than just a meme coin?
Lucy highlighted the extraordinary evolution of Shiba Inu from its origins as a meme coin to a thriving, decentralised, community-driven project. Over the years, SHIB has evolved and matured, positioning itself for long-term relevance in the market.
Lucy's proposal for SHIB as a long-term asset aims primarily to reassure traditional investors, who may be reluctant to invest in assets perceived as ephemeral or inherently volatile.
SHIB is resistant to price manipulation
Lucy also addressed concerns regarding price manipulation, arguing that it would take a huge amount of capital to significantly affect SHIB's value. He suggested that even a billionaire attempting such manipulation would have a comparable impact on large assets such as Bitcoin.
The decentralised structure of SHIB makes it inherently resistant to manipulation, offering greater stability to new investors, according to Lucy. In addition, SHIB's demonstrated ability to recover quickly from market declines further solidifies its position as a resilient asset, capable of dealing with volatility, making it a more attractive choice for an ETF.
What does SHIB's latest market performance indicate?
The latest market data shows that SHIB's price has risen 1.38 per cent in the past 24 hours, reaching $0.00001313. This increase is accompanied by significant growth in trading volume, which has risen 31.09%, signalling growing investor interest.
Technical indicators also paint a positive picture for SHIB's potential price movement. The MACD indicator currently shows a bullish trend, with the MACD line positioned above the signal line, suggesting continued positive momentum in the short term.
In the meantime, the RSI is at 48.38, indicating balanced market conditions for SHIB, with no overbought or oversold signals.
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