Shiba Inu is the most-popular memecoin on the town proper now, with the cryptocurrency doubling in worth during the last month. Nonetheless, October’s preliminary frenzy has since died down, fueling a major downtrend on the charts. Even so, its heyday is much from over as extra crypto-exchanges are being attentive to SHIB due to sustained demand from its neighborhood.
One other SHIB itemizing on the playing cards?
Earlier in the present day, Kraken’s product lead Brian Hoffman hinted on the alternate itemizing Shiba Inu with an ambiguous tweet.
Feeling good about this upcoming week pic.twitter.com/j5aWK67T9J
— brian hoffman 🎸🥃🍕🐙 (@brianchoffman) November 15, 2021
As anticipated, customers have been fast to take a position {that a} SHIB itemizing on Kraken might lastly be taking place.
Nonetheless, the bottom for such speculations stemmed from a previous tweet by the alternate, one which claimed that the digital asset can be listed on Kraken if the tweet acquired 2,000 likes.
Regardless of the tweet being preferred over 83,000 instances, Kraken didn’t dwell as much as its promise on the time. This led to many accusing the alternate of utilizing the viral tweet to spice up its personal engagement.
Quickly after, the alternate issued a press release on the identical, noting,
“We merely mentioned there’s extra work for us to do as we transfer by way of our itemizing assessment course of – which may be very thorough. Neighborhood engagement is just one a part of that course of.”
Whereas Kraken’s determination on the token stays a thriller, it is just one of many many exchanges exhibiting curiosity within the altcoin. Gemini, one other prime cryptocurrency alternate, additionally added support for Shiba Inu on 12 October.
This was preceded by prime gamers resembling Binance, Coinbase, and KuCoin additionally itemizing the coin on their platforms over the previous couple of months.
Robinhood nonetheless underneath strain
Nonetheless, many others proceed to stay skeptical, particularly since its worth motion is usually pushed by hypothesis and exposes traders to very large dangers. Amongst them is Robinhood, with the “SHIB military” pushing it to checklist the crypto by way of a Change.org petition, one which has already acquired over 533k signatures.
However, this recognition by centralized exchanges has enormously accelerated SHIB’s entry into the mainstream. In reality, a recent report by ICO Analytics discovered that SHIB was the most-discussed cryptocurrency on Twitter in October, with its dominance exceeding 22%.
Regardless of its worth shifting south just lately, an ETH whale bought 31.34 billion SHIB price over $1,729,551. That is extra proof of rising curiosity within the altcoin.
