This article was translated from our English edition.
The Shiba Inu cryptocurrency has promised to be the “Dogecoin killer”, but many investors have not been convinced. Today, however, the network is giving DOGE some good competition. A listing on Coinbase, as well as Binance, along with some new update teasers, is raising the token in a huge way. Now SHIB crypto can really surpass Dogecoin as the king of meme cryptocurrencies.
It has been a busy week for the Shiba Inu community.
In recent days, the token has been listed on two of the largest crypto exchanges in the world. Tuesday saw Binance’s announcement that SHIB trading would begin imminently on its US platform and Wednesday saw the actual launch of the listing. Of course, being the world’s largest exchange by transaction volume, the token got a huge boost in exposure and accessibility.
Keeping the good times going is Thursday’s news, which saw Shiba Inu trading begin on the Coinbase platform. Coinbase, the world’s second largest crypto exchange, recently added SHIB to its Pro platform after months of delay. Now, Shiba Inu is moving to the big leagues on Coinbase’s main platform.
Exchange Listings Help SHIB Crypto Outperform DOGE Volume
Beyond the two listings, the SHIB crypto is also experiencing increasingly bullish sentiment around the upcoming updates. SHIB founder Shytoshi Kusama is turning to the encryption network’s Discord server to make a big announcement. Apparently, developers are exploring the idea of bringing a two-tier solution to the network. By implementing another layer of blockchain, developers can increase the speed of transactions; This is because transaction data can travel more efficiently below the surface on its own layer.
New plans for the network, along with huge exchange listings, are launching SHIB into space. The token is up 32% in value this morning. And the extensive exposure the two new exchanges bring to SHIB is paying off significantly. In fact, the token is outperforming Dogecoin in average trading volume this morning. Where DOGE saw $ 2.2 billion in transactions over the past 24 hours, SHIB is now seeing $ 2.6 billion. The rise in popularity is also making Shiba Inu the # 1 trending crypto on CoinMarketCap.