After a surprising Coinbase Pro listing, a little-known, low-cap altcoin has abruptly reversed following a mind-blowing 580 percent price gain this week.
Shping Coin (SHPING), an Ethereum-based cryptocurrency that powers the Shping App, was listed on Coinbase Pro on Wednesday.
The crypto asset experienced a meteoric price rise following the launching, rising from $0.015 to more than $0.102.
By comparing pricing, scanning barcodes, viewing videos, and writing product evaluations, buyers may earn incentives with the Shping App.
SHPING has since corrected by more than 64%, and at the time of writing, the 501st-ranked crypto asset by market cap is trading at $0.036.
The US-based crypto exchange has expanded full retail support for SHPING amid the token’s significant price swings.
Stacks are now fully supported on the exchange (STX). Coinbase.com and the exchange’s mobile apps now allow customers to buy and sell cryptocurrencies.
Stacks is an open-source blockchain linked to Bitcoin (BTC) by a consensus method called proof of transfer that bridges the two chains. Stacks’ architecture intends to use Bitcoin‘s security while also enabling decentralized apps (DApps) and smart contracts.
The digital asset was offered on Coinbase Pro earlier this week.