Solana, Shiba Inu, Dogecoin take front stage as Crypto.com launches new trading pairs


  • Crypto.com listed new BUSD trading pairs with Solana, Shiba Inu and Dogecoin. 
  • The exchange platform added the new trading pairs to the Crypto.com application. 
  • Solana price is ready for recovery, analysts identify higher lows in SOL chart. 

Crypto.com announced a list of new trading pairs on its crypto application. Solaba, Shiba Inu and Dogecoin have been added to BUSD pairs on the Crypto.com app. 

Also read: Three reasons why Shiba Inu has potential to beat the slump

Crypto.com shines the spotlight on Solana, Shiba Inu and Dogecoin

Crypto.com, a crypto platform and a leading digital asset exchange, put the spotlight on Solana, Shiba Inu and Dogecoin. Crypto.com added BUSD trading pairs for SOL, SHIB, and DOGE, making the cryptocurrencies more accessible. 

The addition of new trading pairs could drive the adoption of the three cryptocurrencies among traders on Crypto.com. The exchange has upwards of 50 million users, therefore this increases the exposure and accessibility of SOL, DOGE and SHIB among its application users. 

Solana ready to recover, argue analysts 

PostyXBT, a pseudonymous crypto analyst, is bullish on Solana. The analyst believes Solana price is ready to recover after climbing to its most recent higher low at $34.50. Solana price structure is not bearish, the analyst believes SOL is ready for recovery. 

SOL-USDT Perpetual Futures 1-day price chart

SOL-USDT Perpetual Futures 1-day price chart 

Shiba Inu and Dogecoin prepare for comeback

Shiba-Inu-themed meme coins SHIB and DOGE are ready for a comeback after double-digit losses over the past week. Whales have continued accumulating SHIB, and currently hold $163 million worth of Shiba Inu in their portfolio. A spike in whale activity and large value transactions worth $100,000 or more coincides with Shiba Inu and Dogecoin local tops. Therefore, proponents anticipate a recovery in SHIB and DOGE. 

Analysts at UToday argue that Shiba Inu is at a make-or-break point at $0.00001294. Shiba Inu’s next move could determine if the meme coin triggers either an uptrend or a downtrend. 

SHIB-USDT price chart

SHIB-USDT price chart


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


Recommended Content

Editors’ Picks

VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC

VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC

Bitcoin declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.

More Bitcoin News

Ethereum Classic price sets for a rally following retest of key support

Ethereum Classic price sets for a rally following retest of key support

ETC edges higher by 2.3% and trades around $22.60 at the time of writing on Friday after testing a key support area the day before. On-chain data showing increased account growth suggests a bullish move ahead. Ethereum Classic price faced rejection by the daily resistance level of $25.13 earlier this week.

More Ethereum News

Celebrity meme coins lose their shine

Celebrity meme coins lose their shine

Celebrity meme coins report by Jupiter Slorg on Thursday shows that these tokens have been in deep waters since early July after experiencing heavy growth in June. In a recent analysis, Jupiter Slorg revealed that celebrity meme coins are down by an average of 94% from their all-time highs.

More Cryptocurrencies News

Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit

Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit

Ripple (XRP) made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund (ETF) launch. Entrepreneur and investor Mark Cuban recently shared his comments on how Kamala Harris’ nomination to the Presidential elections could influence crypto regulation. 

More Ripple News

Bitcoin: Will BTC manage to recover from recent market turmoil?

Bitcoin: Will BTC manage to recover from recent market turmoil?

Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt. Gox persists in transferring Bitcoin to exchanges.

Read full analysis

BTC

ETH

XRP