Recently, LOUDLABS reported that the price of the Shiba Inu token (SHIB) was up 22,000% compared to a month ago. Today, the price gets a boost again with an announcement from Binance:
The largest cryptocurrency exchange in the world will list the Dogecoin (DOGE) spin-off in the “Innovation Zone.” This zone is intended for new risky cryptocurrencies with a very volatile price. However, Binance warns against centralization regarding SHIB: “The top # 1, # 2 and # 5 wallets contain 50.5%, 7.0% and 3.0% respectively of the total supply.”
Incidentally, it is not only Binance that will list SHIB, other major crypto exchanges such as OKEx, KuCoin and Crypto.com are all making such an announcement today.
The price has immediately shot up by 35% in the past hour. That means that the price is 100% in the plus today, 1,700% in the last week and no less than 44,000% (!) In the last 30 days. The SHIB price just hit an all-time high (ATH) of $ 0.000031. According to Coinmarketcap, SHIB is now even in the top 20 largest crypto with a market cap of $ 12 billion.
The price of Dogecoin (DOGE) dropped by 35% yesterday after the guest appearance of Tesla CEO Elon Musk during Saturday Night Live. Later, SpaceX announced that it would fund a lunar mission with DOGE only, which restored the course to some extent.