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Highlights
- SHPING crypto price surged by 90 per cent in the last 24 hours.
- The SHPING coin is gain traction due to its price and massive volume surge.
- SHPING coin is the native token of Shping application.
The SHPING crypto price surged by 90 per cent in the last 24 hours to US$ 0.01335 per token. Meanwhile, the 24-hour volume climbed 6,338 per cent to US$ 8.02 million.
The rise in the price of the SHPING coin came amid mixed sentiments in the overall crypto market. At the time of writing, the valuation of the virtual currency market had decreased by 0.3 per cent over the previous day to US$ 962.26 billion.
The market is witnessing mixed sentiments as the world's oldest cryptocurrency recorded a price surge, and the second-largest crypto was trading in the red at 3 AM EST. Bitcoin was up by 0.2 per cent, and ETH was down by one per cent, according to CoinMarketCap data.
What is SHPING coin?
The Shping app helps brands and customers via rewards for their involvement and loyalty using its cryptocurrency, the SHPING coin. The process begins with the user scanning a barcode, after which they can earn rewards for viewing videos, submitting product evaluations, interacting with brands, and scanning receipts.
As per the official website, SHPING is an app that lets its users compare prices on goods with a quick barcode scan and be paid for interacting with the goods they like.
Shping began as a modest Melbourne-based start-up in 2017 and claims to have evolved into a dependable business partner for hundreds of businesses in the food and beverage, health and beauty, electronics, fashion, and jewellery industries.
The app claims that it started as it found a significant separation between brands and customers. Consumers yearned for more detailed information about the goods they purchase, and Shping aims to provide those details.
According to the official website, the Shping app is a shopping companion for knowledgeable consumers with over 2 billion verified product attributes spanning over 20 million products.
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Bottom line
Brands use the SHPING coin to entice customers to interact with product information and other activities on the Shping App. It is available for trading on crypto exchanges like Uniswap and Coinbase Exchange.
The SHPING coin price surge could be due to speculations that the cryptocurrency might get listed on CoinSpot, an Australia-based cypto and Bitcoin exchange.
As the cryptocurrency market is going through turbulent times, it is worth mentioning here that investors must remain cautious before investing in virtual currencies.
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