New Shiba Inu
- The Shiba Inu (SHIB) price has fallen over 7% in the past 24 hours.
- Unfortunately, new listings for SHIB have had little to no effect on the price of the meme coin.
- New SHIB developments are leading to wider adoption of the coin even around the world.
Other altcoins like Ethereum (ETH) and Cardano (ADA) are also feeling the heat as they both fell nearly 5% in the past day, according to CoinMarketCap. On top of that, the rest of the top 20 cryptocurrencies are in the red today.
Developments for SHIB went well as the meme coin was listed on the decentralized exchange Reflex Swap. SHIB also launched on the Bittrex exchange earlier this month, which allowed SHIB to trade against the US dollar.
SHIB last looked up in the Philippines as it was listed on Coins.ph, a Philippines-based crypto exchange owned by the former Binance Chief Financial Officer, Wei Zhou.
Unfortunately, these new listings have had little to no effect on the coin’s price even as SHIB is still down 86.94% from its all-time high. SHIB is also one of the cryptos that got caught in the downtrend.
The ongoing burning of SHIB tokens has also hit a snag as there is controversy surrounding the community-approved burning portal.
On the bright side, new developments in SHIB are leading to wider adoption of the coin even around the world, as SHIB is still one of the top 20 cryptos.
There is also still hope for a bullish push for SHIB as its metaverse project is still ongoing.
SHIB is currently trading at $0.00001048 after a price decline of 7.69% in the last 24 hours.
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CQ. Nothing in this article should be construed as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.