• 18 June, 2024
Market News

Shiba Inu (SHIB) Token Price Surged by a Massive 20%, With Upbit Listing the Coin Against Korean Won KRW

The Shiba Inu( SHIB) token price exploded by 20% after Upbit listed the coin against Korean Won (KRW). This is a huge step forward for Shiba Inu and signals that it has arrived on the global stage.

As more and more exchanges offer SHIB trading, it is becoming an increasingly viable option for crypto investors all over the world. Having a South Korea-based exchange like Upbit list Shiba Inu will offer traders greater liquidity and provide an incredible opportunity to get involved with one of the most talked about digital currencies in 2023.

This is an incredible milestone for Shiba Inu, and it highlights the potential that SHIB has to become a major player in the crypto world. With more exchanges now listing the coin against KRW, traders can finally get access to this exciting new asset class without having to use a third-party platform.

Shiba Inu is quickly becoming one of the hottest digital currencies in the world, and its listing on Upbit is further proof of that. This new development could also bring more attention to Shiba Inu and drive up its price even higher. So for anyone looking to get involved with this exciting new asset class, now could be the perfect time to invest.

Currently, SHIB is trading at over $0.00001208 and its price is expected to go higher as Upbit adds it to its platform. With a gain of more than 20%, in the last 24 hours, it looks like SHIB is well on its way to becoming one of the most sought-after digital currencies in the world. Since the start of the year 2023, SHIB has seen a huge surge in price, and this new listing could be the catalyst that takes it to new heights.

Today Shiba Inu’s price is $0.00001208, aiming for new heights with the listing on Upbit. The coin has seen a massive increase in volume and market cap since its launch, indicating that more traders are joining the SHIB bandwagon.

Resistance for SHI/USD is currently at $0.00001289, and a break above this level could lead to further gains in the SHIB price. While the support level of $0.00001047 may provide some security, investors should be aware that it can be volatile and risky to invest in any cryptocurrency.

SHIB/USD daily chart, Source: TradingView

Looking at technical indicators all are pointing toward the bullish side. The MACD is in a strong uptrend, with an orange line above the blue line, and RSI is in the overbought zone. The RSI is a leading indicator and it can signal when the digital asset is overbought or oversold. Additionally, the Moving average(MA) shows that the market is in a bull trend, and it can be used to help traders identify entry and exit points.

Overall, the listing of Shiba Inu on Upbit is a huge step forward for this digital currency and could potentially lead to increased demand and higher prices. With more exchanges now offering to trade in SHIB, it is becoming an increasingly viable option for investors.

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