Although all of the top cryptocurrencies are in red Shiba inu is green and has experienced a 2.17% increase.
Despite the fact that the SHIB token currently trades at $0.000031, its ownership is greater than 1.17million.
It had reached a daily high at $0.00003232 and low at $0.00003015 as of the time of writing.
Foxbit: SHIB listing
One of the factors attributed to today’s SHIB price surge is its listing on Foxbit, a top Brazilian crypto exchange.
Foxbit had announced on February 10th that they will list Shiba Inu. However, it waited to make SHIB trading live until today. It announced that Shiba Inu, as well as four other crypto assets (Gala (GALA), LooksRare(LOOKS), Fantom [FTM], and Illuvium [ILV]) are now available for trading.
A #ShibaInu veio! 🐕 E junto com ela +4 novas opções de ativos para diversificar o seu portfólio! A gente faz tudo mesmo, né?
SHIB, GALA, FTM, LOOKS e ILV já estão disponíveis para negociação em nossa plataforma. 🧡 pic.twitter.com/hS0vRfjD4J
— Foxbit (@foxbit) February 16, 2022
According to the data from CoinMarketCap, Shiba Inu’s price did not register a very large price movement after the listing as would be expected after such a major listing. The trading volume saw a slight increase of 4.59%. The increase in data volume indicates a buyer’s desire to purchase.
Foxbit is one of Brazil’s most prominent crypto exchange firms and it was founded in 2014. It boasts over 950,000 registered users and is built around three pillars, which are security, transparency, agility.
One of Foxbit’s reputations in Brazil is that registered customers in Brazil can trade Bitcoin (BTC) with a 0% deposit fee against the Brazilian Real.