Shiba Inu (SHIB) Futures on Coinbase: What It Means for Investors and Traders

• Analyst “Blockchainedbb” recommends Shiba Inu (SHIB) amid bullish sentiment.
• Coinbase plans to list SHIB futures, enhancing risk management and market entry.
• SHIB could see significant gains if Bitcoin’s price trends are positive.

Pseudonymous crypto analyst “Blockchainedbb” has identified Shiba Inu (SHIB) as a potential portfolio diversifier amid growing optimism surrounding the memecoin’s price trajectory.

The analyst’s bullish stance follows Coinbase’s recent filing to introduce SHIB futures contracts, sparking speculation about SHIB’s potential for significant gains. The self-described full-time stock and crypto trader made this assertion in a recent X (formerly Twitter) post, stating, “SHIB is what attracts retail liquidity for exit.”

Which is why SHIB is one of my top recommendation for this run to 75k. $shib is what gets you retail liquidity for exit! https://t.co/9PK8oTJIyY

— Blockchainedbb (@blockchainedbb) July 1, 2024

Blockchainedbb’s stance comes after Coinbase’s submission of five new futures contracts, including those linked to SHIB, to the US Commodity Futures Trading Commission (CFTC) on Friday. Upon approval, the futures cont…

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