After the listing on Binance, Shiba Inu Coin prices jumped 70% on the first day, invest in this cryptocurrency
Shiba Inu Coin, popularly known as Dogecoin Killer, is the latest digital currency to hit an entry in the cryptocurrency market.
Shiba Inu Coin, popularly known as Dogecoin Killer, is the latest digital currency to hit an entry in the cryptocurrency market. It has made a splash with the launch of the cryptomarket and its prices have risen by more than 70% in a single day. This cryptocurrency has gone viral worldwide including India.
Shiba Inu Coin called SHIB in short. This kippocracy is trading with a jump of 760% on its 7-day trailing basis. What is the reason for its sudden price rise so fast? Actually, the world's largest cryptocurrency exchange Binance has been listed on Shiba Inu Coin today.
The prices of Shiba Inu Coin jumped over 60% within minutes after the listing on Binance and the prices of this cryptocurrency jumped by 70% on the first day. Tesla's co-founder Elon Musk also tweeted that he wants to adopt Shiba pup. This indicated to investors that Musk could invest in it. Musk's tweet also supported Shiba Inu Coin.
The surge after the listing on Binance led to the all-time high of this cryptocurrency at $ 0.000028, which was earlier trading at $ 0.000004. Its popularity can be gauged from the fact that Shiba Inu Coin worth $ 6.5 billion was traded on Binance on the very first day.
How Indian investors buy Shiba Inu Coin
According to Shiba Inu Coin's website, this cryptocurrency can only be purchased from the Uniswap platform. To buy it, Indian investors must first create a digital crypto wallet and connect it to a Uniswap platform. After this you have to use Ethereum cryptocurrency to buy it. However, you can trade Shiba Inu Coin by downloading Binance's app.