Shiba Inu Price Rallies As Shytoshi Kusama Lauds Major SHIB Listing

Coincheck, a Japanese-based cryptocurrency exchange, recently revealed plans to forge ahead with Shiba Inu (SHIB) listing on Thursday. The announcement of the new listing stirred a whirlpool of speculative buzz across the crypto universe as it emerged amid a significant price surge recorded by the token.

With its new listing, Coincheck, a significant exchange within the Japanese crypto market, embarks further into its cryptographic venture, advancing within crypto markets.

Furthermore, Shytoshi Kusama, Shiba Inu’s lead developer, spotlighted the listing announcement, amassing global crypto market traders’ and investors’ attention to the SHIB cryptocurrency.

A Closer Look Into The Listing Announcement

The announcement unveiled today, December 14, proclaimed that the exchange is all set to commence handling SHIB trading on its platform starting this afternoon. Furthermore, the exchange’s statement also sheds light on how the memecoin that initially developed as a ‘joke currency’ is now one of the most popular cryptocurrencies within the digital asset market. Aligning with this, the exchange’s director, Satoshi Hasuo, came forth with the decision to list the memecoin, Shiba Inu, on its platform.

In alignment with the exchange’s new listing, the firm hopes to expand its user base within the broader crypto market.

Intriguingly, Kusama, SHIB’s lead developer, further highlighted the announcement on X, greeting the crypto exchange. With Kusama’s significant influence on the crypto realm worldwide, the announcement gained substantial traction as the lead developer further stressed it amid a price surge.

Also read: Bitwise Spot Bitcoin ETF Listed On DTCC With ‘BITB’ As Ticker

Shiba Inu Price Soars

As of writing, the Shiba Inu price noted a significant surge of 7.61%, currently trading at $0.00001004. The price upswing recorded by the token sparked immense curiosity within the market as it ditched a zero from its value again.

Moreover, the pump in the token’s price also appears to fall in line with the surge in SHIB burn rate. While writing, the burn rate witnessed a significant 67.91% surge, amassing noteworthy attention globally.

Meanwhile, as the new listing announcement comes amid the Shiba community’s significant breakthroughs, the token appears to have attracted bullish market sentiments globally.

Also read: IMF & South Korea Calls For Swift Regulations To Mitigate Crypto Risks

✓ Share:

Advertisement

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Advertisement