During the second half of 2021, crypto traders witnessed a huge shift in the narrative surrounding meme currencies, such as Shiba Inu, the currency which is facing negative reviews for having little or no use cases. Shiba Inu’s popularity has continuously grown since different sectors are using this currency. AMC Theaters, the largest theatre chain in the United States, has announced that Shiba Inu would be included as a ticket payment option. Shiba Inu was also introduced to the trading platforms of crypto exchanges Kraken and Gemini in November.
The Shiba Inu is quite back in the headlines, and Europe’s largest Cryptocurrency exchange has announced that it will launch SHIB in 2022. Bitstamp is the oldest and the leading regulatory-compliant crypto exchange, having been founded in 2011.
Bitstamp’s first release said that SHIB would be listed on the exchange on 9th December at 8:00 a.m. However, due to technical issues, the exchange was obliged to postpone its listing.
According to Bitstamp, Shiba Army had not changed on the listing, and that SHIB is going to get listed on the platform in 2022. According to Bitstamp, the listing of #SHIBAINU was delayed due to integration and some technical issues. The listing will happen, but not until 2022! Thank you for your patience.
In recent times, the price of the SHIB has increased by 5% since the news was issued. SHIB is now trading at $0.00003398. The Shiba Army believes that after the SHIB is listed on Bitstamp, the currency will surge even higher. Since Bitstamp’s announcement, the Shiba Inu (SHIB) price has been rising. TradingView is the source of this information.
Why does it Matter?
The listing of any currency on an exchange is crucial since it expands the pool of potential investors. A successful crypto listing leads to a rally. Shiba Inu jumped from over $0.000039 to $0.000054 the time when Kraken announced it would have an exchange listing at the end of November.
However, the Kraken listing did not give Shiba Inu long-term support, and the currency is now trading downward following the initial spike.
Bitstamp is more than just another trading platform. The platform is the most trusted tool for European investors. Bitstamp is currently the leading Cryptocurrency exchange platform in Europe, with 4.4 billion users worldwide.