Shiba Inu, DOGE’s arch-rival, got a big boost when it was listed on the top Brazilian crypto exchange. The exchange has more than 950,000 registered customers, the SHIB price could get a further boost.
Foxbit is not the first Brazilian exchange to mention Shiba Inu. In December 2021, Mercado Bitcoin, the country’s largest exchange, added support for the meme cryptocurrency.
Following the news, Shiba Inu has the fourth largest trading volume in the past 24 hours, only less than Bitcoin (BTC), Ethereum (ETH) and XRP.
Shiba Inu prices are expected to rise 14% after a segment above a critical resistance barrier. Furthermore, on February 16, the DOGE rival will be listed on the Brazilian stock exchange Foxbit, which will give a big boost to the fortunes of the meme currency.
Foxbit, one of the oldest digital exchanges in Latin America, headquartered in São Paulo, Brazil, was launched in 2014.
Here’s how Foxbit announced the news of its latest altcoin list on Twitter:
Abram unfortunately for the doguinho mais querido do universo cripto!
A gente também não esperava por isso, mas estamos assim
Shiba Inu is ready for Foxbit!
A partir de 16/02 você já pode negociar Shiba Inu com a gente… Ansiosos? pic.twitter.com/ZL8jFxKsTs
— Foxbit (@foxbit) February 9, 2022
SHIB price up 70% in the past week
The price of Shiba Inu jumped 70% last week, taking it to $0.00003322 at the time of writing. The dog-based meme coin also took advantage of the news as it entered the world of the metaverse.
The new project, which goes by the name Shibverse, was unveiled in a blog post on Tuesday. All three components of the Shiba Inu ecosystem have shown a positive move in its values.
Norok, a crypto market analyst, opined that the latest SHIB price rally has produced “excellent short-term opportunities”. He said: “Every rally, far from the fresh breath of hopium owners, has provided excellent short-term opportunities for months,” Norok explained, adding:
“This is a clear pullback to test and hold Resistance and a good opportunity to add to the short where profits were taken in early January.”
Last year, Shiba Inu was the second most viewed cryptocurrency in Latin America, after only Bitcoin, according to CoinMarketCap data.
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About the author
Parasshuram has been online in various capacities as a pro blogger, top researcher and now senior editor at CoinGape.com. He has over 14 years of experience in online publishing. Mr Shalgar can be reached at: [email protected]
This post Shiba Inu (SHIB) to list on Foxbit; SHIB price up 70% in the past week
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