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Shiba Inu (SHIB) To Be Listed on Kraken — Will Price Pump Ensue?

Shiba Inu (SHIB) To Be Listed on Kraken — Will Price Pump Ensue?
Shiba Inu (SHIB) To Be Listed on Kraken — Will Price Pump Ensue?

Kraken exchange will soon list Shiba Inu (SHIB).
Reports say that this will commence today, November 2.
This is another proof that SHIB is indeed one of the fastest-growing cryptos today.

Reportedly, Kraken — a San Francisco-based cryptocurrency exchange, will list Shiba Inu (SHIB) today, November 2. The company made this known to the public via its Twitter (NYSE:TWTR) account.

@brianchoffman said if we get 2,000 likes we will list $SHIB tomorrow – but he doesn’t think we can do it.#SHIBArmy where you at?

— Kraken Exchange (@krakenfx) November 1, 2021

The exchange has announced the listing in a rather eccentric manner. As seen in the tweet, instead of formally making an announcement, Brian Hoffman — Kraken’s Product Lead challenged the Shiba army to like his post 2,000 times.

Of course, seeing how vast the Shiba army and supporters are, the community easily achieved the target. In fact, at the time of writing, the said tweet already garnered around 54,400 likes, 13,700 retweets, and 967 quote tweets. This means that the fastest-growing cryptocurrency is now on track to appear on Kraken.

Notably, Coinbase (NASDAQ:COIN) — one of the largest U.S. exchanges, also listed SHIB last September. This became a hot topic in the crypto space and the entire community viewed this as the main reason for SHIB’s massive rally last month.

Now dubbed as “Dogecoin killer”, SHIB still proves to gain a lot of attraction from different trading platforms. In fact, recently, Binance announced a trading pair that allows SHIB to trade with DOGE. This also starts today.

New intern on the listing team. Brilliant! https://t.co/svrpTetp3E

— CZ Binance (@cz_binance) November 1, 2021

With Kraken listing Shiba Inu, investors and analysts expect a SHIB price pump in the near future. Some even say that it will soon flip (Polkadot) DOT as well, like how it flipped Dogecoin (DOGE). For now, the public is yet to see if these will ensue.

At the time of writing, SHIB trades at $0.00007105 with a 0.88% increase in its total market cap of $39,183,728,044.61, according to CoinMarketCap.

Continue reading on CoinQuora

Source: Investing.com

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