- Shiba Inu futures contract is expected to be listed on Coinbase post July 15, pending CFTC approval per IBC Group report.
- SHIB erased losses from the past week, trading at $0.00001718 on Sunday.
- SHIB could extend gains by 18% in its upward trend.
Shiba Inu (SHIB) traders are anticipating the roll-out of futures contracts, products like Exchange Traded Funds (ETFs) that could boost the asset’s utility. An IBC report shows the contract is expected to be listed post Monday, July 15.
SHIB trades at $0.00001718 at the time of writing.
Shiba Inu erased losses from past week
Shiba Inu made a comeback above $0.00001720, at the time of writing. The meme coin was hit by a correction that pushed SHIB price to its July 5 low of $0.00001266. SHIB has erased losses and the sentiment among traders is back to neutral from negative, per data from CFGI.io.
The social sentiment is positive and this is likely due to traders’ anticipation surrounding the launch of Shiba Inu futures contract and related products that could boost the meme coin’s utility.
IBC informed crypto market participants through a tweet that the new offerings could launch post July 15, and are currently pending approval by the U.S. Commodity Futures Trading Commission (CFTC), it could diversify the financial product suite for SHIB.
Coinbase is expanding, introducing futures for Shiba Inu, Avalanche, & more altcoins.
— IBC Group Official (@ibcgroupio) July 1, 2024
Manage risks and speculate on price movements with reduced upfront capital.
Pending CFTC approval, these new offerings could launch post-July 15, diversifying their financial product suite. pic.twitter.com/KYWOUYPhM8
SHIB is poised for nearly 18% gains
Shiba Inu is currently in an upward trend, posting higher highs and higher lows since its July 5 low of $0.00001266. SHIB erased losses from the past week, and the meme coin is likely to extend gains by 18%, pushing the price to $0.00002045, the 23.6% Fibonacci retracement of the decline from March 5 top of $0.00004567 to the July 5 low of $0.00001266.
The Moving Average Convergence Divergence (MACD) indicator is flashing green histogram bars above the neutral line, the MACD line crossed above signal at July 5, supporting a bullish thesis for SHIB.
SHIB/USDT daily chart
Shiba Inu could find support at the July 7 low of $0.00001468 and the July 5 low of $0.00001266, in the event of a correction.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 gainers Supra, Cosmos Hub, EOS: Supra leads recovery after Trump’s tariffs announcement
Supra’s 25% surge on Friday calls attention to lesser-known cryptocurrencies as Bitcoin, Ethereum and XRP struggle. Cosmos Hub remains range-bound while bulls focus on a potential inverse head-and-shoulders pattern breakout.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin price remains under selling pressure around $82,000 on Friday after failing to close above key resistance earlier this week. Donald Trump’s tariff announcement on Wednesday swept $200 billion from total crypto market capitalization and triggered a wave of liquidations.
Can Maker break $1,450 hurdle as whales launch buying spree?
Maker is back above $1,300 on Friday after extending its lower leg to $1,231 the previous day. MKR’s rebound has erased the drawdown that followed United States President Donald Trump’s ‘Liberaton Day’ tariffs on Wednesday, which targeted 100 countries.
Gold shines in Q1 while Bitcoin stumbles
Gold gains nearly 20%, reaching a peak of $3,167, while Bitcoin nosedives nearly 12%, reaching a low of $76,606, in Q1 2025. In Q1, the World Gold ETF's net inflows totalled 155 tonnes, while the Bitcoin spot ETF showed a net inflow of near $1 billion.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.