Shibnobi Price Moons After BitMart Listing Amid Bear Market

Shibnobi Price Moons After BitMart Listing Amid Bear Market
  • Shibnobi (SHINJA) price is up 29.2% in the last 7 days.
  • The SHINJA price surge may be due to its recent BitMart exchange listing.
  • Meanwhile, the rest of the crypto market is in bearish territory.

Shibnobi (SHINJA) price has dramatically increased to 29.2% in the last 7 days. This is in spite of the market taking a huge bearish turn. 

The SHINJA price surge occurred after crypto exchange BitMart announced the token’s listing on its platform. 

As seen on the below chart, SHINJA price has more than tripled after the exchange listing. 

SHINJA/USD movement after BitMart listing announcement (source: CoinGecko).

However, a couple of days after the listing, the price has somehow simmered. Regardless, SHINJA price is still up in the last 7 days.

The news is a rare occurrence in the crypto market today, as virtually all currencies are down. For instance, Bitcoin price has now crashed to $36,000, while Ethereum price is now at $2,600.

What is more, the entire crypto market has already slashed hundreds of billions of dollars. Specifically, the total market capitalization is now only at $1.8 trillion. While others may be saying that crypto is not yet in bear market, but if the situation does not improve in the next couple of weeks, then the public sentiment will continue to go bearish.

Disclaimer: No information in this article should be considered as investment advice. CryptoNewsLand does not make assurances about the future performance of the tokens mentioned above nor the success of their project. Everyone is encouraged to make his own research before making any investment decision, given that cryptocurrencies are known to be volatile in nature.

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