After flipping Dogecoin for the first time on Wednesday, Shiba Inu is once again above its canine archrival, with its price printing a double-digit increase. At press time, it is valued at $39.3 billion.
Earlier today, Coinbase Pro, the top U.S. exchange, has updated its price precision for pairs with the Shiba Inu cryptocurrency.
The maximum number of decimals that can be entered on the order form has been reduced from eight to seven. Placing an order that exceeds seven decimals will result in an error.
The change has been caused by the massive spike in the Shiba Inu price. The meme token is up 925% over the past month.
Starting today 10/28 at 4pm PT we will be updating our precision for SHIB-USD & SHIB-USDT order books. Precision will be reduced from .00000001 to .0000001. We will maintain this level unless the price of SHIB-USD drops below .00003. Updates will be posted here & via Status Page.
— Coinbase Pro (@CoinbasePro) October 28, 2021Morning Crypto Report: XRP to Break First ETF $1 Billion This Week, Shiba Inu (SHIB) Teases 29% Price Upside, Bitcoin to $125,000 Is Main Scenario Now: Bollinger BandsRipple CEO Launches Holiday Anti-Scam CampaignCrypto Market Prediction: XRP Price Crash Hides Something, Bitcoin Bounce to $90,000 Possible, Is Dogecoin (DOGE) Downtrend Ending?Brandt: Bitcoin Bear Market to Last for Months
Coinbase says that it will keep the current maximum precious as long as the price of Shiba Inu stays above the $0.00003 level.
Shiba Inu started trading on Coinbase in mid-September. Less than a month since the listing, it became the most traded cryptocurrency on the exchange.
On Wednesday, Coinbase experienced some downtime that was allegedly caused by massive Shiba Inu buying.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team