How is is Shping crypto (SHPING) setting the market on fire?

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How is is Shping crypto (SHPING) setting the market on fire?

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 How is is Shping crypto (SHPING) setting the market on fire?
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Highlights

  • Driven by the Ethereum blockchain, Shping crypto aims to incentivise the brand retailers to promote a safer and secure way for customers to share product information.
  • Shping crypto’s rally comes at the back of its Coinbase listing on 19 January.
  • SHPING token on Thursday was trading at US$0.069935 with a volume of US$4,743,062 over a day. 

Driven by the Ethereum blockchain, Shping crypto (SHPING) aims to incentivise the brand retailers to promote a safer and secure way for customers to share product information. The Shping project aims to develop the world’s largest global database, which can be used by consumers to check more information about the product.

Not just the information, consumers can also cross check the supply chain details, distributor details to ensure that the product given meets the required quality parameters.

Besides, it also manages to allow the brands and retailers to ensure a non-disruptive and a customer-driven model, wherein they can engage with them in a more reliable and authentic manner. Better engagement with the consumers can help them to enhance their brand loyalty and reputation.

On Thursday, the token was surging by over 300% and enjoyed a volume gain of over 6500%.

Also read: UK’s FCA eyes crypto ad regulation, denounces ‘refer-a-friend' offers

Why Shping crypto is rallying?

Shping crypto’s rally comes at the back of its Coinbase listing on 19 January. Trading of the Shping crypto will begin from 9 am PT on 20 January assuming the liquidity conditions are met. Coinbase further stated that once the supply of assets is established, trading on SHPING-USD, SHPING-USDT & SHPING-EUR, it will begin launching phase in phases of auction mode, limit-only and/or full trading on both Coinbase exchange and Coinbase Pro.

Soon after the announcement, the prices of Shping crypto surged. The token has managed to maintain the momentum since then.

Also read: Coinbase, Mastercard join hands for NFT marketplace purchase

Is Shping token worth it?

SHPING token on Thursday was trading at US$0.069935 with a volume of US$4,743,062 over a day. SHPING token was up by 322.50% in the last 24 hours. Volume wise too it was zooming to a massive 6713.52% largely due to the Coibbase listing and was enjoying a live market cap of $119,049,564 USD. It has a 1,702,298,064 SHPING coins in circulation.

According to the Shping whitepaper, the project aims to use Shping coin as a new payment methodology in the future.

Conclusion

The Australian-based project was launched in 2017 and has grown into a trusted partner for more than 100 brands. Brands increasingly across the world are using Shping’s unique services to expand their presence, and also connect with the consumers in a better way.

The Coinbase listing is a welcome move, and this should help the token gain some traction among the investors. This could also bring more volume to the token after Coinbase’s announcement. The project would be hoping that it can consolidate its position and make the most of this rally in the coming days.

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