Shiba Inu coin has been set up to rise again, but it’s unclear if it will meet the mark.
Why is Shiba Inu coin rising?
OK. So stay with me on this one. Per FX Street, the coin added ETH-USDT, LEASH-BONE and SHIB-BONE pairs to the ShibaSwap exchange platform. These pairs essentially allow two forms of cryptocurrency to be traded at once within the Shibaswap system, which can help bolster the lesser-known cryptos while helping the others, according to Yahoo! Finance.
- The exchange platform is a new interface that allows investors to use their coins in more places, according to Coin Telegraph.
Because of these changes, Shiba Inu is eyeing a 20% gain. It’s unclear if it will hit that number, but it is preparing for a jump after it reclaimed some of the losses it suffered after its peak in the spring, according to FX Street.
What is Shiba Inu coin’s current price?
Right now, the coin is worth about $0.000007233, according to Coin Market Cap.
- That is a slight drop from the $0.0000077 high it reached within the last 24 hours.
- That said, the coin dipped down to $0.00000717, too. So it’s fluctuating within that range.
What to expect next for Shiba Inu coin
Reports have suggested that July 20 might be the date to watch for Shib coin, as I wrote for the Deseret News. Shiba Inu coin investors and influencers are set to launch a virtual party for the coin on July 20.
- “It appears Shiba Inu is looking to leverage its recent ShibaSwap exchange with this event. The company will be featuring a physical and NFT sculpture at a location to be announced later,” according to InvestorPlace.com.