Shiba Inu Spikes to $0.0000550 Top on Kraken Listing News
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San Francisco-based behemoth cryptocurrency exchange Kraken finally listed Shiba Inu (SHIB) at noon yesterday, after running a Twitter poll on the matter a few weeks ago. SHIB reacted positively to the development yesterday, jumping by over 23% in the hours after the announcement.
According to a blog post on Monday, Kraken confirmed that the minimum deposit for the crypto would be 373,000 SHIB while the minimum trade will be 50,000 SHIB, approximately $18 and $2.4, respectively. Also, traders now have the option of trading Shiba Inu against the US dollar or the euro.
As mentioned earlier, the listing comes a month after the exchange hinted at a possible listing on November 1. Kraken’s official Twitter account later conducted a poll, noting that it would list SHIB if the poll got 2,000 votes. Not surprisingly, the poll crossed the 2,000 vote target a few hours after getting published.
However, Kraken spent the rest of the month keeping mute on its decision to list or not.
SHIB now features on over 20 top crypto exchanges, including Binance, Coinbase, Kraken, Huobi, OKEx, Bitfinex, Capital.com, Polionex, Kucoin, and Okcoin, and looks forward to more listings in the future.
Key Shiba Inu Levels to Watch — December 1
Shiba Inu has finally broken free of the descending trendline, following a brief consolidation along the $0.000400 line and a sharp spike towards the $0.0000550 pivot top on the Kraken listing news. However, the twelfth-largest cryptocurrency has recorded a steep correction to the 0.0000440 support since then, amid a marketwide retreat.
That said, bulls need to hold the price above the $0.0000440 support to secure a near-term possibility of reclaiming the $0.0000500 mark. Considering the upbeat momentum on the broader market, we could push into the pivot zone before the end of the day.
Meanwhile, my resistance levels are $0.0000500, $0.0000550, and $0.0000600, and my support levels are $0.0000440, $0.0000420, and $0.0000400.
Total Market Capitalization: $2.65 trillion
Shiba Inu Market Capitalization: $24.8 billion
Shiba Inu Dominance: 0.93%
Market Rank: #12
