Shiba Inu And Dogecoin Get Listed On BitTrade, Price To Rally?

On Monday, October 16, meme coins garnered significant attention from investors, evident in the notable price surges. Both the the Shiba Inu ecosystem and Dogecoin kicked off the week with a positive momentum, indicating increasing interest among crypto enthusiasts in these digital assets.

Meanwhile, the price surge in Shiba Inu and Dogecoin follows a recent announcement from BitTrade. BitTrade, a prominent player in the cryptocurrency exchange landscape, has recently shared exciting news for crypto enthusiasts.

They have announced the addition of Dogecoin (DOGE) and Shiba Inu (SHIB) to their list of supported digital assets. This move further broadens their portfolio, offering users more choices for their cryptocurrency needs.

BitTrade Adds Dogecoin and Shiba Inu

According to a recent announcement, BitTrade is set to enhance its services by introducing support for two popular cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB). Starting from October 18, 2023, users will be able to deposit, withdraw, and trade these digital assets on the BitTrade platform.

Notably, with the inclusion of DOGE and SHIB, BitTrade’s crypto offerings will expand to a total of 34 different cryptocurrencies, providing a diverse range of options for investors and traders.

BitTrade said that it will support Dogecoin under the code “DOGE.” Meanwhile, the services, including deposits, withdrawals through their website or app, and the option to buy and sell DOGE, will be available. However, it’s important to note that these transactions will only involve physical items.

Simultaneously, for Shiba Inu, recognized as “SHIB” in the BitTrade ecosystem, similar services will be provided, with the handling beginning on October 18, 2023. This means users can deposit, withdraw, and trade SHIB using BitTrade’s website and app. Again, transactions will be limited to physical items only.

BitTrade’s decision to include DOGE and SHIB demonstrates its commitment to providing a diverse and comprehensive crypto offering to its users. In addition, the announcement has also sparked optimism among meme coin enthusiasts, as noted by the upward momentum in their prices.

However, it is important to note that the precise start time and date are subject to change without prior notice, BitTrade said in its announcement.

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Shiba Inu and Dogecoin Price

The latest announcement seems to have triggered a price rally for the cryptos while increasing optimism among the crypto market enthusiasts. As of writing, the Shiba Inu price was up 1.11% to $0.000007106 on Monday, with its volume rising 18.39% to $100.16 million.

Meanwhile, some analysts also think that the rally could be due to the notable increase in the Shiba Inu burn rate. According to Shibburn, the burn rate increased by around 243% over the past 24 hours to over 54.82 million tokens. Notably, the largest transactions over the time frame were 8.09 million and 7.11 million, respectively.

On the other hand, the Dogecoin price added 1.16% to $0.06005 over the last 24 hours, while its volume soared 8.60% to $128.36 million.

Meanwhile, BitTrade’s decision to include DOGE and SHIB in their offerings reflects the growing demand for these cryptocurrencies and their commitment to meeting the needs of their user base. This expansion opens up new possibilities for cryptocurrency enthusiasts looking to explore the DOGE and SHIB markets.

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