Shiba Inu’s Price Soars with New Exchange Listings

Shiba Inu saw an 11% surge driven by new listings.
Binance Futures launches 1000SHIB perpetual contract with 50x leverage.
SHIB gains visibility with listings on LBank and bitcoin.com.au.

Shiba Inu (SHIB) has emerged as a significant player, showcasing an impressive surge in its value over the past 24 hours. Investors witnessed SHIB’s value spiking by a notable 11%, coinciding with the unveiling of new listings for both SHIB and BONE ShibaSwap (BONE).

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LBank crypto exchange recently announced the inclusion of BONE perpetual on its platform, offering traders an opportunity for leveraged trading with up to 50 times leverage. Meanwhile, Binance Futures is preparing to launch a USDC-margined 1000SHIB perpetual contract, again with up to 50 times leverage.

This move aims to enrich the trading choices available on the Binance Futures platform, enhancing the overall trading experience for users. Scheduled for March 28th at 7:00 a.m. (UTC), the USDC-margined 1000SHIB Perpetual Contract is expected to draw significant attention from traders.

The recent listing of SHIB on the Australian crypto exchange bitcoin.com.au further amplifies its accessibility and visibility in the market, enabling users to easily purchase SHIB tokens. These new listings serve as pivotal milestones, facilitating broader adoption and utility of both SHIB and BONE tokens within the cryptocurrency domain.

Analyzing SHIB’s recent price action reveals a consistent upward trajectory, with the token experiencing its fourth consecutive day of gains since March 22nd. Presently, SHIB is trading up by 1.94% over the last 24 hours, hovering around $0.00002989. Earlier intraday gains propelled SHIB’s price to highs of $0.00003187 before a minor retreat. Notably, the daily RSI has crossed into positive territory at 61, indicating a favorable position for bullish investors.

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Bhea Lacsamana

Bhea is a fintech journalist specializing in crypto, with a unique blend of roles as a content creator, anthropologist, and qualitative researcher. Her articles dive into both financial technology and cultural traditions, reflecting her diverse interests. Catch her immersed in a book where her love for learning thrives.