Coincheck Lists Shiba Inu
The Shiba Inu (SHIB) ecosystem has achieved another milestone with its listing on the prominent Japanese crypto exchange, Coincheck. In a press release, Coincheck announced that it will now handle the meme coin on its crypto asset trading service. Additionally, SHIB will be integrated as a payment currency on Coincheck’s NFT marketplace. This listing adds SHIB to the limited number of cryptocurrencies available for trading on the platform. Coincheck emphasized SHIB’s growth and expanding use cases in the NFT and DeFi space as reasons for listing the token.
Shytoshi Kusama, Shiba Inu’s lead developer, expressed his excitement about the listing on social media platform X (formerly Twitter), indicating that SHIB is a fan favorite among Japanese investors.
The Milestones Keep Racking Up
Another significant milestone for Shiba Inu is the crossing of 100 million transactions on its layer-2 network, Shibarium. The network has experienced increasing activity recently, with over 1,112,000 total transactions at the time of writing. This surge in trading activity on Shibarium is ultimately bullish for SHIB’s price because it is expected to lead to a higher number of burned SHIB tokens. More burns can potentially drive up the meme coin’s price.
Despite these achievements, Shiba Inu’s Marketing Lead, Lucie, urges the community not to become complacent. She emphasizes the importance of continued utilization and promotion of Shibarium by all community members to contribute to SHIB’s growth.
Hot Take: Shiba Inu Gains Momentum with Coincheck Listing and Network Milestone
The Shiba Inu (SHIB) ecosystem is making waves with its recent milestones. The listing of SHIB on Coincheck, a leading Japanese crypto exchange, provides increased accessibility and exposure for the meme coin. This development, coupled with the significant milestone of crossing 100 million transactions on the Shibarium network, indicates growing interest and activity surrounding SHIB. The community’s active involvement in utilizing Shibarium and promoting its use further contributes to SHIB’s potential for growth. As SHIB continues to gain momentum and expand its use cases, it will be interesting to see how this impacts its price and overall market presence in the coming months.
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