Dogecoin and Shiba Inu primed for further losses despite recent protocol update

  • Latest development upgrade in the Dogecoin network is expected to reduce fees, and Doge-Ethereum bridge is underway.
  • Robinhood has rolled out a fee-free recurring buying feature, likely to increase the number of buyers for the memecoins.
  • Coinbase Pro makes a major announcement for the SHIB community; inbound transfers are now available in regions where trading is supported.

Dogecoin and Shiba Inu coin suffered a drop in price in the marketwide sell-off on September 8. Bullish developments in the Shiba-Inu-themed cryptocurrencies has led to a bullish trend reversal. 

Shiba Inu coin set to go live on Coinbase, analysts expect price correction shortly

The Shiba-Inu-themed memecoin is not yet live for trading on Coinbase.com or related applications. The world’s second-largest exchange announced on September 8 that deposits for Shiba Inu coin are now live in regions where trading is supported. 

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