Public, a retail app that lets users buy and sell cryptocurrencies, has listed Shiba Inu coin on its crypto trading platform. It is now possible for crypto users to successfully buy and sell Shiba coins through the platform.
Earlier this month, the App launched ten digital assets on its platform. Among these were Cardano, bitcoin, ether, litecoin, stellar, ethereum classic, and Dogecoin. The members were allowed to invest from as little as one dollar.
This listing comes when the Shiba Inu coin, inspired by Doge and the dog breed going by a similar name, has been experiencing a dramatic increase in value. This rise was triggered by Tesla CEO Elon Musk’s tweet that pushed the coin along its way to “the moon.” The phrase is used when cryptocurrency prices are skyrocketing.
If you want to buy some SHIB, read our guide on where to buy Shiba Inu.
How will the Public retail App work?
The Public spokesperson explained in an e-mail he sent to Insider that cryptos are inherently unstable in the short term and follow different patterns than inventory exchange securities. For these reasons, Public will integrate volatility reminders on the cryptocurrency page to make sure that traders are sufficiently informed when making their personal decisions.
Further, those already active in digital currency trading within the app can also buy and sell Shiba Inu. The users will also be able to view the coin’s page to get more information about it.
Public was started as a social investing app in September 2019. The app’s spokesperson revealed that it has over one million users and an estimated market value of $1.2 billion. In February, the company eliminated payment for order flow (PFOF) to align its interests with those of its customers.
Shiba Inu coin market cap
Shiba Inu’s market cap stands at $13,971,035,135 SHIB is currently ranked 12th among the most valuable digital currencies in the world.
The coin is considered Dogecoin’s most significant competitor, mainly because of its tremendous growth recently. The meme coin has shown great potential to replace Dogecoin as the world’s most valuable social token. Currently, the market cap difference between Doge and Shiba Inu is $20 billion.
If you want to invest in SHIB, you might be interested in automated cryptocurrency trading robots such as Bitcoin Profit, Bitcoin Revolution and Bitcoin Trader.
