Cryptocurrency Shiba Inu (SHIB), e-sport fan network Chiliz (CHZ) and data aggregator Keep Network (KEEP) are all set to be added to Coinbase’s professional wallet and begin trading on Thursday, June 17.
On the back of this development, all three penny crypto tokens gained double-digit surges overnight.
This comes after Coinbase Global Holdings (COIN:US, NASDAQ:COIN) recently added crypto coins Dogecoin (DOGE) and Polkadot (DOT).
Let us throw some light on these Coinbase-bound crypto tokens’ projects and price predictions.
Shiba Inu’s (SHIB) price prediction
A listing on the Coinbase platform would potentially expose Shiba Inu to more than half a billion crypto investors. Hence, the Dogecoin rival could note a growth in the near future.
Shina Inu coins rocketed over 31 per cent on Tuesday and increased by 17 per cent over the last week, surpassing Dogecoin that dropped by six per cent in the same period.
SHIB was trading at US$ 0.000008581 per token (9AM EST) on Wednesday, June 16, with a one-day rise of around 20 per cent.
Shiba Inu’s long-term price prediction is pegged at US$ 1 apiece by 2030. However, a majority of meme coin enthusiasts believe that it can achieve US$ 1 per token milestone by 2025.
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Chiliz’s (CHZ) price prediction
Chiliz, a digital currency for e-sports and online entertainment fans, is popular among users of the rewards platform, Socios.com. It is the world’s first blockchain technology-powered coin that promotes fan engagement. Founded in 2018, the token has its origins in Malta.
In the wake of its Coinbase Pro listing announcement, the token’s price rose more than 18 per cent on Tuesday and increased by nearly 21 per cent to U$ 0.3447 apiece over the last 24 hours.
Chiliz recorded its lifetime high of US$ 0.7739 on April 16, 2021. However, it dropped almost 50 per cent in late May, led by the overall crypto market crash.
Crypto experts anticipate that its price could rise over US$ 1 per token by the end of this year if the market crypto rebounds to its mid-April level.
Keep Network’s (KEEP) price prediction
Keep Network is a blockchain-powered platform that manages bridge public blockchains and encrypted private data. The network, founded in 2017, launched its crypto coin in April 2020.
Keep Network's crypto coin, KEEP, swelled by 14 per cent on the back of its listing announcement on Tuesday.
The token has decreased by four per cent to US$ 0.537 apiece over the last 24 hours. It touched an all-time high of US$ 2.191 on May 20, 2020.
The latest privacy issue with Bitcoin and other blockchain networks could bring Keep Network under investors' radar.
For KEEP’s price prediction, crypto analysts expect the token to rebound to its lifetime high within a couple of years.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.