• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Shiba Inu SHIBA SHIBAUSDT
Nexo Logo

Binance Lists SHIB, Will It Become The Next DOGE?

Reynaldo Marquez by Reynaldo Marquez
1 year ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

With a 146.3% rally in the daily chart and high volatility across the board, Shiba Inu (SHIB) has been listed in Binance, Huobi, and FTX. Almost immediately after the announcement, Dogecoin (DOGE) “evil” version saw new all-time highs and has been moving to lower lows and higher highs, as the news of its listing spread.

SHIB operates under the standard ERC-20 with around 1.000.000.000.000.000 coins in its total supply. However, data from CoinGecko indicates that Shiba Inu’s actual supply is unknown. Previously, it was available on decentralized exchange Uniswap.

According to the official listing announcement by Binance, SHIB and DOGE have similarities, they are both considered “meme” coins and apparently have strong support from their respective communities.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Unlike DOGE, Shiba Inu is ShibaSwap’s native token and will be part of the incentives users will receive to trade on this decentralized exchange. Binance claims that Shiba Inu’s total supply is already in full circulation.

The exchange clarified that around 60% of its supply is held by the top 5 wallets. Therefore, it has a highly centralized supply, like DOGE.

SHIB, The “Dogecoin Killer”?

According to its official website, Shiba Inu is a “spontaneous” community project with the potential to be a “Dogecoin Killer”. The Shiba Inu ecosystem will be comprised of LEASH, a limited supply token, to provide users with special rewards, and BONE, a separate token with details still to be revealed.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Data provided by “Shib Informer” claim that in the past 24-hours SHIB holders grew to 283,500 with a 156% rally in its price. At its peak, trading volume was high enough to place this token in the number 19 and later number 15 position in Coinmarketcap.

SHIB Shiba Inu SHIBUSDT
Source: ShibInformer

If true, the data supports Binance exchange CEO, Changpeng Zhao. He said the following on Shiba Inu listing:

Some have voiced concerns about $SHIB listing. We follow users. There is a large number of users demanding it, to the point where we ran out of ETH deposit addresses due to SHIB today. Never happened before for any other ERC20 coin. Not endorsing it. Super high risk. NFA.

“CZ” later clarified that he doesn’t own the coin, but looks to provide a “neutral marketplace”. The exchange’s decision was very criticized. Many raised similar questions about the legitimacy of the project and, like DOGE’s detractors, believe it could “hurt” the crypto industry in the long run. Economist Michaël van de Poppe said the following:

My point of view on $SHIB?  Everyone should do what they want to do, when they want to do that. However, things like $DOGE, $SHIB, #SafeMoon take away the spotlight from the decentralized future we’re trying to build. And 90% of the people will lose money on it.

At the time of writing, Shiba Inu trades at $ 0,000033 with massive gains in the lower and higher timeframes.

Shiba SHIB SHIBUSDT
SHIB’s price with important gains after major exchange list it. Source: CoinGecko
Tags: SHIBShiba Inu
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Reynaldo Marquez

Reynaldo Marquez

Related Posts

Bitcoin And USDC

USDC Exchange Reserves Rise As Investors Escape From Bitcoin

14 mins ago
Ethereum Loses Steam As Exchange Supply Spikes

Ethereum Loses Steam As Exchange Supply Spikes

2 hours ago
Bitcoin network

Bitcoin Enters Hibernation Mode As Network Activity Lulls

2 hours ago
What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

5 hours ago
Fed Announces Inflation Warnings As Bitcoin Whales Remain In Wait Mode

Fed Announces Inflation Warnings As Bitcoin Whales Remain In Wait Mode

6 hours ago
Mining Operators Fret As Bitcoin Looses Ground, What Lies Ahead For The Mining Community

Mining Operators Fret As Bitcoin Looses Ground, What Lies Ahead For The Mining Community

6 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Torches Genesis NFT Launching, Win Torchlight NFT to Unlock IDO Allocation

June 30, 2022

Crypto News Flash: Best Meme Coins to Explore in Bear Market 2022 – Floki Inu (FLOKI), Akita Inu (AKITA) and RoboApe (RBA)

June 30, 2022

Secure Your Finances With These Top DeFi Tokens: Gnox (GNOX), Solana (SOL), and Avalanche (AVAX)

June 30, 2022

XT.com Welcomes Cryptostone (CPS) to Its Growing Exchange

June 30, 2022

Crypto Crash: Bitcoin Falling Helplessly, Find Succour in These Two Coins

June 29, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.