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Shortly beats Dogecoin: Shiba Inu after Kraken listing with price explosion



At the beginning of November, the Kraken crypto exchange challenged the supporters of the fun currency Shiba Inu, the so-called SHIB Army, via Twitter. The question of whether the SHIB token should be listed on Kraken a few days later was clearly answered with yes by receiving numerous likes. When Kraken did not implement the listing immediately, it rained a shit storm. Kraken has now added Shiba Inu to its portfolio - and the SHIB Army thanks it with a rising share price.

Course rally: Shiba Inu is running out of breath

On Sunday, when Kraken announced the listing, the SHIB token started a price rally. By noon on Monday - when Kraken started trading - the price of the meme coin had climbed to over $ 0.000053. The parody of the fun currency Dogecoin even passed its role model for a short time and made it into the top ten of the most important cryptocurrencies. On Monday evening, a correction caused the Shiba-Inu rate to drop to $ 0.000047.

For comparison: On Sunday morning, Shiba Inu was still trading for $ 0.000038. Meanwhile, Shiba Inu is still a long way from the all-time high of $ 0.00008845 reached at the end of October. Most recently, in addition to the Kraken listing, other positive reports had sparked new interest in the meme coin.

SHIB: 1 million holder and new NFT game

The announcement that the milestone of one million coin holders had been reached last week resulted in a price increase of 18 percent. The development team behind Shiba Inu should also have created a positive atmosphere with the announcement that they want to develop an NFT game together with the game developer and former Vice President for Technology at Activision William David Volk. But that shouldn't change anything about Edward Snowden's critical stance on meme coins like Shiba Inu or Dogecoin.

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