An altcoin that was used to reward the customers for interacting with their favorite brands online is surging in price after being listed by Coinbase, a top crypto exchange in the US.
In a tweet, Coinbase informed its customers that Shipping Coin (SHIPING) will be traded on the Coinbase platform, only after liquidity conditions are met.
SHIPING is an Ethereum based token used to power a shopping app, through this app the customers can earn rewards by scanning barcodes, comparing prices, watching videos, and writing product reviews.
After the news of SHIPING being listed by Coinbase surfaced, the price of coin rallied from $0.015 to $0.068 in a few hours, a 353% increase.
It then climbed further to its all-time high price of $0.102. Later, there was a strong dip in the prices of SHIPING, and at the time of writing, it was trading at $0.055.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
Photo by – WorldSpectrum on Pixabay