Analyst Recommends Buying SHIB Before Bitcoin Hits $75,000. Here’s why

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Shiba Inu (SHIB) has emerged as a potential beneficiary of Bitcoin’s anticipated climb to $75,000, according to Blockchainedbb, a prominent crypto analyst. This bullish outlook comes amidst news of America’s largest cryptocurrency exchange, Coinbase, seeking to list SHIB futures contracts by July 15th.

Coinbase Listing Fuels Optimism

On June 28th, Coinbase filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to introduce five new futures products, including one specifically for SHIB.

This move is seen as a strategic effort by Coinbase to expand its offerings and cater to a wider audience. By introducing SHIB futures, Coinbase aims to provide users with increased flexibility in managing risk and participating in the cryptocurrency market with lower upfront investment.

The news has generated significant excitement within the cryptocurrency community, particularly among Shiba Inu enthusiasts. This positive sentiment is further amplified by the analysis of Blockchainedbb, a widely followed full-time crypto $SHIB #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions trader.