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The Dogecoin Killer, SHIB Sees Price Increase After Kraken Announces Listing

By Harry - Crypto Specialist - 30-11-2021

Investors who having been buying Shiba Inu (SHIB) are having a great year as the token has been seeing major price increases. The fans and community behind the cryptocurrency have been doing what they can to boost the coin and finally overthrow Dogecoin (DOGE). For example, the community have been asking for signatures so the cryptocurrency exchange platform Robinhood can finally list the meme-coin. In similar news, Kraken is finally selling SHIB on its platform. It appears that for some time, Kraken did not deliver on its promise to list the token until recently. On November 29, Kraken had informed SHIB fans that the crypto asset is now available for purchase on the crypto exchange.

According to Kraken, SHIB will be tradable against the USD and EUR. The trading pairs for dollars and euros will reportedly be made available on November 30. However, if investors wish to deposit SHIB within the Kraken platform they will first need to fill out twenty confirmations. After the confirmations, investors can then find the deposit option by going to “Funding,” then they can choose the desired asset- in this case SHIB, and press the “Deposit” button. In the announcement, Kraken had stated that the minimum investors can deposit is 373,000 SHIB, however the minimum amount users can trade is 50,000 SHIB. Due to the recent listing, the price to buy SHIB sees another boost for the year with plenty of anticipation its growth in 2022.

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