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SHPING Crypto Plunges 50% Despite Coinbase Listing. Where Will It Go From Here? – Investorplace.com

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The SHPING crypto is down over 50% today. Where will it go next?
Despite a Coinbase (NASDAQ:COIN) listing this morning, SHPING (CCC:SHPING-USD) has declined by more than 50% in the past 24 hours. With the Coinbase listing, SHPING should receive a liquidity boost, along with an increase in reputation. However, it seems the SHPING crypto is doing exactly opposite that. While there is no specific SHPING news that can be attributed to the decline, crypto markets as a whole are plunging today. Bitcoin (CCC:BTC-USD) has declined 12% in the past 24 hours, while Ethereum (CCC:ETH-USD) has shed 15%.
SHPING operates as a loyalty program application that rewards users with SHPING crypto for “watching videos, writing product reviews, connecting with brands and scanning purchase receipts.” Users can then cash out their SHPING rewards through the SHPING app. Additionally, SHPING collaborates with hundreds of consumer brands to reward users and help them save money with its price compare feature.
Since its inception, more than 7 million barcodes have been scanned with the SHPING app. The app also offers more than 20 million products where users can earn rewards. These products come from brands like Vegemite, Carmex and The A2 Milk Company. The SHPING crypto is also available to buy and sell on platforms like SushiSwap and Uniswap.
With the recent price decline in mind, let’s dive into SHPING crypto price predictions for 2022.
On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/01/shping-crypto-plunges-50-despite-coinbase-listing-where-will-it-go-from-here/.
©2022 InvestorPlace Media, LLC
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