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Shiba Inu Is Back Above Dogecoin as Coinbase Changes SHIB's Maximum Price Precision

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Fri, 10/29/2021 - 06:49
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Alex Dovbnya
Shiba Inu and Dogecoin keep swapping places, vying for meme coin supremacy
Shiba Inu Is Back Above Dogecoin as Coinbase Changes SHIB's Maximum Price Precision
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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.  

Bitcoin
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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.

Coinbase says that it will keep the current maximum precious as long as the price of Shiba Inu stays above the $0.00003 level.

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The “Dogecoin killer” hit its current all-time high of $0.00008616 on Oct. 28, but its price is currently down 22.3% from the recent peak.

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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.