Shiba Inu Gains Attention with New Listing Announcement
The Shiba Inu token, known as the Dogecoin killer, has caught the eye of the crypto market after announcing a new listing on a Japanese exchange. Despite a recent price drop, this announcement has generated excitement among crypto enthusiasts interested in Shiba Inu.
DMM Bitcoin to List SHIB
The Japan-based DMM Bitcoin exchange has revealed plans to list SHIB starting December 20. This news comes amidst SHIB’s price decline, but traders and investors are anticipating a potential pump in response to the listing.
Additionally, Shiba Inu has gained credibility by securing listings on other Japanese exchanges, such as Coincheck. It has also attracted smart money inflows, ranking second on the list with $2.95 million in inflow over 24 hours.
Shiba Inu Price Decline
Despite these positive developments, the price of Shiba Inu has dropped by 6.93% and is currently trading at $0.000009999. However, the token has experienced significant gains over the past week and a monthly increase of 16.62%.
As the news of its listing continues to spread, it is expected that the price will recover soon. Additionally, the SHIB burn rate has fallen by 100%, aligning with today’s price drop. However, there are indications that the burning venture will experience a surge in the future.
Hot Take: Shiba Inu Poised for Bull Run
The recent developments surrounding Shiba Inu, including its new listing and smart money inflows, suggest that the token may be gearing up for a bull run. Despite the current price drop, there is optimism that Shiba Inu will experience significant growth in the near future.
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