Shiba Inu (SHIB) To List on Foxbit; SHIB Price Up By 70% in Last Week

By victoria
Updated March 2, 2022
Foxbit announced the news of its latest altcoin listing on Twitter:

Shiba Inu, the arch-rival of DOGE, got a significant boost when it got listed on the top Brazilian crypto exchange. The exchange has over 950,000 registered customers, SHIB price could get a further boost.

Foxbit is not the first Brazilian exchange to list Shiba Inu. In December 2021, Mercado Bitcoin, the country’s largest exchange, added support for the meme cryptocurrency.

Following the news, Shiba Inu has the 4th largest trading volume in the last 24 hours, only less than Bitcoin (BTC), Ethereum (ETH), and XRP.

Shiba Inu prices are projected to rise by 14% following a slice above a critical resistance barrier. Furthermore, on February 16, the DOGE rival will be listed on the Brazilian exchange Foxbit, which will give a major boost to the fortunes of the meme coin.

One of the oldest digital exchanges in Latin America, having its headquarters at São Paulo, Brazil, Foxbit was launched in 2014.

Here is how Foxbit announced the news of its latest altcoin listing on Twitter:

Advertisement
Advertisement

SHIB Price Up By 70% in Last Week

Shiba Inu’s price saw a 70% rally last week, taking it to $0.00003322 at the time of writing. The canine-based meme coin also benefited when the news was broken, entering the world of the metaverse.

The new project, which goes by the name Shibverse was revealed by a blog post on Tuesday. All three components of the Shiba Inu ecosystem have shown positive movement in its values.

Norok, a crypto market analyst, opined that the latest SHIB price rally has brought out “excellent short opportunities.” He said, “Each rally, far from being the fresh breath of hopium owners desire, has provided excellent short opportunities for months,” Norok explained, adding:
“This one is a clear pullback to test and hold Resistance and a good opportunity to add to the short where profit was taken at the start of January.”

Last year Shiba Inu was the second most viewed cryptocurrency in Latin America behind only Bitcoin, according to CoinMarketCap data.

 

Advertisement
victoria
Victoria is a Nigerian journalist and entrepreneur with a background in Communications. She's interested in writing about Cryptocurrency, Blockchain and Humans. She owns a tad bit of BTC and ETH and her favorite thing to do is sit by the ocean listening to Beyoncé.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.