This Binance Update Will Cause Shiba Inu Prices to Rise
Every day, the influence of Shiba inu is growing. Binance.US launched full support for SHIB, the native crypto asset, as part of its recognition of it being one of the most versatile digital currencies. The US-based crypto exchange officially launched support for USD/SHIB and ended support for Kilo Shiba Inu, which is equivalent to 1,000 Shiba Inu tokens (SHIB).
Shiba Inu (SHIB), Scores Complete Partnership
The launch of layer-2 blockchain on Ethereum network Shibarium will see a rapid start to 2023 for the meme cryptocurrency.
Binance.US announced the partnership first via its Twitter handle, noting that “Trading for SHIB/USD is now available on Binance.US.” The medium of exchange within this ecosystem is Shiba Inu’s. It includes ShibaSwap which is a DeFi platform that features liquidity pools and token swaps. NFTs and voting rights within DAO.
Whales Holding SHIB
Shiba Inu is once again among the top Ethereum whales who hold crypto, ahead of layer-2’s much-anticipated launch. Whalestats shows that SHIB ranks first among all the holdings of the top 100 ETH whales. At the time of writing, the average amount of SHIB was $645,304.846. According to the ranking, the meme currency is the fourth largest cryptocurrency by dollar value of the top 100 Ethereum whales.
Massive Price Drop
SHIB began the year at $0.00000814, and has risen to $0.00001262 as of the time of publication. This represents a more than 50% rise. The price of Shiba Inu dropped almost 4% following the US CPI data releases. It traded at $264,729.376 in 24-hours. Shibarium’s gas token BONE trades at $1.85 with a 1-day trading volume of $17.015,110 (down 25%).
Also read: Did Charles Hoskinson, Cardano founder, Really Buy Warner Bros Discovery’s CNN
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.