- r/ShibaInuCoin subscribers have grown by 59,381% in Q2 of 2021
- There were only 90 subscribers in early April, now r/ShibaInuCoin has 53,533
- Shiba Inu’s popularity has led to a listing of SHIB on Coinbase Pro
- However, deposits and trading of Shiba Inu ran into technical difficulties
- ShibaSwap is also on the horizon and SHIB could continue to thrive
The number of subscribers to the r/ShibaInuCoin subreddit forum has grown by 59,381% in the second quarter of 2021.
According to data from Subredditstats.com, the Shiba Inu subreddit forum had roughly 90 subscribers at the beginning of April. The same Shiba Inu subreddit forum now has 53,533 subscribers. The growth of the Shiba Inu subreddit forum of r/ShibaInuCoin has been visualized in the following chart courtesy of the tracking website.
Coinbase Pro Postpones Trading of Shiba Inu (SHIB)
Shiba Inu’s popularity has been meteoritic with Coinbase Pro announcing that it was listing SHIB alongside Chiliz (CHZ) and Keep Network (KEEP). Trading of all three digital assets was meant to commence today, June 17th, at 9 am Pacific Time.
However, the trading of Shiba Inu (SHIB) has been postponed due to what Coinbase Pro explained as technical issues. At the time of writing, withdrawals of SHIB were functional on Coinbase Pro but deposits have been disabled.
The team at the exchange has explained via Twitter that they would provide an updated timeline of when full functionality of Shiba Inu (SHIB) transactions would resume on Coinbase Pro. Below is the Tweet by the team at Coinbase Pro explaining the situation.
We are experiencing technical issues that will temporarily delay the launch of SHIB on Coinbase Pro. At this time we are disabling deposits of SHIB; withdrawals are still available. We will provide an updated timeline for restoring deposits & enabling trading as soon as possible.
— Coinbase Pro (@CoinbasePro) June 16, 2021
Shiba Inu Could Continue to Thrive Due to the Launch of ShibSwap
Unbeknownst to many crypto traders and investors is the fact that the team behind the Shiba Inu (SHIB) token, is in the process of launching a decentralized exchange known as ShibaSwap.
According to the Shiba Inu website, ShibaSwap is currently ‘undergoing security tests, audits and final updates to prepare for a safe launch.’ The website goes on to explain that SHIB will be at the core of ShibaSwap with holders being incentivized to use it. A screenshot of what ShibaSwap will look like can be found below.
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