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SHIBA INU Soars 40% - What's Happening?
Cryptocurrency Shiba Inu (SHIB) jumped 40% in two days, showing half-month highs above $ 0.000054 on Tuesday
Dec 1, 2021
1 min read
Anna BakkerNews analyzer

SHIB broke the bearish trend, some experts say.

The token strengthened its growth on Monday after the listing of the Kraken crypto exchange, ttrcoin writes. SHIB trades in pairs with USD and EUR began on Tuesday, November 30th. In the future, there will also be dog token futures.

As noted by the managing director of the Australian division of Kraken, Jonathon Miller, the exchange is adding popular projects to its platform that are interesting to clients. At the same time, the management does not seek to add all existing coins and tokens to the platform.

Last Friday, support for the Shiba token was added by the Singapore-based Phemex crypto exchange.

Users of the Robinhood platform are actively seeking SHIB listing, having collected more than half a million signatures in support of this. The company, however, says it is in no rush to add new coins until regulatory clarity has emerged. To date, Robinhood only supports 7 digital assets versus 93 for Kraken.

Computer parts retailer Newegg announced last week accepting SHIB as a means of payment. In addition, former Vice President of Activison William David Wolf joined the project, who will be developing the gaming direction.

Interestingly, on the morning of November 30, one of the investors bought 24.8 trillion SHIB tokens. The purchase amount exceeded $ 1 million. It seems that the "whale" is confident in the bright future of the "dog token", writes bits.media.

According to WhaleStats, in a short period of time, the cryptokits bought Shiba Inu for an amount of more than $ 300 million, writes happycoin.club. At present, whales own tokens worth more than $ 2, 3 billion.

Shiba Inu is the second most popular (after Bitcoin) cryptocurrency on Twitter this November with a total of 4.02 million mentions, newscryptocoin writes.

According to Etherscan, more than 1 million users worldwide have bought SHIB, freedmanclub writes. At the same time, only about 10 of the largest wallets fix profits, all other users only face losses.

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