Meme Coin Rivalry: Binance To List SHIB/DOGE Pair, Kraken To List SHIB
The rivalry of two leading meme tokens’ Shiba Inu (SHIB) and Dogecoin (DOGE) has taken new interesting turns, as news broke that a leading crypto exchange Binance listed the two as trading pairs. Another top crypto exchange Kraken also announced that it will list SHIB for trading.
Crypto exchange Binance announced that it has added Shiba Inu (SHIB) and Dogecoin (DOGE) as trading pairs. This means users can now trade SHIB against DOGE from November 2, 2021.
Currently, SHIB is taking the lead between the two of them. Just a few days after it started to catch up Dogecoin in CoinMarketCap ranking, Shiba Inu went on to become the 9th most valuable coin in the crypto market.
Shiba Inu currently trades around $0.00006964, gaining over 67% in the last week. Also, its trading volume is $7.4 billion a market cap of nearly 38 billion dollars, at the time of writing.
On the other hand, Dogecoin has massive community support behind it, especially seeing that Elon Musk still stands for it and by it. Elon recently tweeted that he is considering starting a new university. He goes on to say that the tuition of the institute will be in Dogecoin.
Tuition is in Dogecoin & u get a discount if u have a dog
More so, the tweet generated huge number of replies and excitement from the DOGE community who seemed relieved that Elon is still very much interested in the meme coin to the extent of considering such a move. Furthermore, going by Elon’s tweets, if he truly adopts this, then, the DOGE army should prepare for a huge flip on the price of Dogecoin.
Crypto Exchange Kraken to List Shiba Inu Tuesday — Price to Pump Incoming?
Crypto exchange Kraken tweeted Monday about listing the shiba inu cryptocurrency (SHIB) on its platform. According to the San Francisco-based exchange, the company’s product lead, Brian Hoffman, said if the tweet gets 2K likes, Kraken will list shiba inu Tuesday. At the time of writing, the tweet has been liked 45.1K times and retweeted 11.6K times.
Kraken is the world’s largest global digital asset exchange based on euro volume and liquidity. Globally, its client base trades more than 60 digital assets and seven different fiat currencies, including EUR, USD, CAD, GBP, JPY, CHF, and AUD, its website details. Kraken was the first U.S. crypto firm to receive a state-chartered banking license. The crypto exchange serves more than 7 million traders around the world.
According to a Twitter user, a Kraken customer representative confirmed late Monday that SHIB will be listed “sometime tomorrow,” adding, “We do not have an exact time when it is being listed, but there should be an update tomorrow.”
SHIB supporters see the listing on Kraken as ultra bullish, expecting the price of shiba inu to soar. One person tweeted: “Bullish news for SHIB, expecting a bump in price once it becomes available for trade here. Kraken is probably going to make a pretty penny from exchange fees too.” Another expect the price of SHIB to rise significantly, noting that the listing by Kraken will give the meme coin a “much-needed boost.”
Meanwhile, the shiba inu supporters have been trying to get the trading platform Robinhood to list SHIB. A petition on Change.org to convince Robinhood to list the meme coin has garnered 461,439 signatures. Shiba inu’s adoption is also rising, with AMC Theatres considering accepting SHIB alongside dogecoin and other cryptocurrencies for payments.
