InstaForex

November 3, 2021

These are the 2 ‘Catalysts’ that Shiba Inu Owners are waiting for!

 Shiba Inu ($ SHIB) is currently making a price correction and is currently trading in the $ 0.00007- $ 0.000075 range and is looking for other catalysts to continue the previously achieved surge.


The SHIB community believes that a trade listing on Robinhood could be a much -needed catalyst for Shiba Inu to rise to a new all -time high (ATH). However, so far there is no confirmation from the fintech company.


But lately there have been rumors that another leading crypto exchange has decided to list $ SHIB amid rising popularity. Kraken posted a tweet stating that if they get over 2,000 ‘likes’ then they will list $ SHIB.


🐶 ♥ ️🐶 ♥ ️🐶 ♥ ️🐶 ♥ ️🐶@brianchoffman said if we get 2,000 likes we will list $ SHIB tomorrow - but he doesn't think we can do it.#SHIBArmy where you at?


👇 👇 👇

🔁 ♥ ️


- Kraken Exchange (@krakenfx) November 1, 2021



So far, the Tweet has garnered over 60K likes. Most argue that the tweet is more of a marketing gimmick because to achieve that is something that is easy for Kraken.


On the other hand, Binance has announced the $ SHIB/$ DOGE trading pair to help traders transfer their money easily between two crypto memes.


Shiba Inu currently ranks ninth in market volume in October due to a nearly 1,000%price jump. The surge remained despite Elon Musk revealing he does not hold any $ SHIB.


Shiba Inu is relatively a new crypto in the crypto market as it first came into existence in 2020 and became popular only after Dogecoin’s huge rise in the first quarter of 2021. As a meme crypto asset, its price responds to market news and Kraken’s listing will certainly provide momentum.