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.
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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.
