NiceHash Exchange to Support Shiba Inu

The past month has been filled with announcements and news for SHIB as the crypto enters new realms of prospects. Its latest development came through the Virgin Islands-based cryptocurrency company NiceHash.

The organization recently announced to list Shiba Inu in its crypto exchange. Founded by two students from Slovenia in 2014, NiceHash started its operations as a hash power marketplace. The platform quickly garnered attention because of its intuitive model; however, its journey was not as seamless as desired.

NiceHash experienced a 64 million dollars breach in 2017, which was attributed to Lazarus, an infamous group from North Korea. Come 2019. The venture expanded its business by releasing a new trading platform called nice.

The platform has amassed great success globally and now supports over 60 crypto and 80 trading pairs. Shiba Inu has been on a roll lately as the crypto even got listed at Spain’s biggest exchange, Bit2Me.

Moreover, Bitstamp, a European cryptocurrency trading platform, plans to list Shiba Inu in 2022. The string of news is following the SHIB purchase rally despite the crypto being in a pinch. The trend is not limited to SHIB either, as even El Salvador invested heavily in Bitcoin during its downward trend.

Recently, a Shiba Inu developer even talked about its Layer 2 solution coming out soon. While the development did not hint at any specific day, the news boosted the Shiba Inu community’s morale.

It has not been long since Shiba Inu rallied into the top ten cryptocurrencies, beating its arch-rival Dogecoin. While the rally lasted for a brief period, it cemented Shiba Inu’s position within the top fifteen cryptos. 

With such prompt development, crypto has been looking at a positive outlook for quite a while.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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