Shiba Inu (SHIB) Rises After Listing News! Target New Summits!

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One of the world’s leading crypto exchanges Krakenfinally last night Shiba Inu (SHIB) announced the addition of support. The listing of SHIB comes after nearly a month of ‘teasing/teasing’ from the platform and it was announced that trading will begin on November 30.

The listing announcement had a quick impact on the altcoin price as SHIB jumped 30% to record a two-week high above $0.0000050.

SHIB will initially only be tradable with USD and EUR pairs, with a minimum limit of 50,000 SHIB for trading on Kraken. The crypto exchange also confirmed that Kraken and Kraken Terminal will be eligible for the meme currency, while Futures and Margin Trading will also be restricted at launch.

November was a pretty bearish month for the Shiba Inu, as it lost more than 50% from October’s all-time high of $0.000885. Despite the continued price drop, the SHIB community continued to focus on building the ecosystem. The Shiba Inu team recently announced its Metaverse goal with the launch of its gaming venture. The team has recruited William Volk, former VP of technology at Activision, to help develop “Play-To-Earn NFT” games.

Could Shiba Inu (SHIB) Price Rise Again?

Shiba Inu managed to increase its price by nearly 1,000% in October, making it into the top 10 crypto rankings and surpassing its biggest competitor, Dogecoin (DOGE). However, November has been quite the opposite in terms of price behavior for SHIB despite a growing ecosystem.

At the same time, the Shiba Inu reached 1 million active wallet addresses last week, and the whales continued to hold more SHIBs.

SHIB price was trading at $0.000004811 at the time of writing and it was currently attempting to break the $0.0005 resistance. The altcoin also managed to break out of the bearish channel on a long-term daily chart, indicating that the bulls are finally back after 4 weeks of bearish dominance. The Shiba Inu must surpass the key resistance of $0.000066 to retest last month’s ATH.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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