Shiba Inu (SHIB) Price Pumps 30% in the Wake of Kraken Listing, Can it Retest ATH?
Kraken, one of the leading global crypto exchanges finally added Shiba Inu (SHIB) support on its platform earlier today. The SHIB listing comes after nearly a month of teasing from the platform and trading will go live on November 30. The listing announcement had an immediate effect on the altcoin’s price as SHIB jumped 30% to register a new two-week high above $0.000050.
New Listing on Kraken: @Shibtoken
$SHIB deposits begin NOW! Trading is live November 30.
— Kraken Exchange (@krakenfx) November 29, 2021
SHIB will be paired against USD and EUR to start with and a minimum of 50,000 SHIB would be required to make a trade on Kraken. The crypto exchange also confirmed that Kraken and Kraken Terminal will be available for the meme currency while Futures and Margin Trading will be restricted at launch.
November has proven to be quite bearish for Shiba Inu as it lost more than 50% of its valuation from its all-time high of $0.0000885 in October. Despite the continuous price decline, the SHIB community has been focused on building the ecosystem. Shiba Inu team recently announced its Metaverse aspiration with the launch of its gaming venture. The team on-boarded William Volk, former VP of tech at Activision to help it develop its Play-To-Earn NFT games.