Crypto News

Shiba Inu [SHIB] Scores Newegg Support

After several rounds of speculations, Shiba Inu [SHIB] finally gains acceptance in the electronics and hardware retailer Newegg. Confirming the news in the tweet, the firm stated that it will soon support the second-biggest dog-inspired cryptocurrency. The latest announcement follows after a series of cryptic tweets posted by the official Twitter account of the Shiba Inu and project lead Shytoshi Kusama, signing off with the #friendshib hashtag. 

As a matter of fact, rumors started to fly in after the retail giant tagged two prominent Shiba Inu Twitter accounts last Saturday and asked for a DM teasing that it has a question for them.

Interestingly, the retail entity introduced Bitcoin [BTC] to its customers back in 2014 and added Dogecoin [DOGE] a week ago. Apart from that, Newegg reportedly added a total of 11 cryptocurrencies. As of now It’s not clearly specified as to when Shiba Inu will feature on its list of accepted payment options.

Slew of Shiba Inu [SHIB] listing

The asset scored yet another listing from Singaporean cryptocurrency exchange Phemex, led by former Morgan Stanley execs. According to the official press release, the platform added support for spot trading. Besides Shiba Inu, it had also added support for dYdX [DYDX] and Fantom [FTM]. Earlier this week, Shiba Inu was also listed by Coinhako, another Singaporean exchange.

Despite the canine token bagging listings in some of the major global crypto exchanges such as Binance, Bitfinix, and Coinbase, Kraken is yet to make a much-anticipated announcement. The San Francisco-based crypto exchange’s product lead, Brian Hoffman had teased about a potential SHIB listing on their platform if his original tweet gets 2,000 likes. Even as it garnered significant traction well over its specified target, Kraken did not go ahead with its initial promise which irked the SHIB army on the micro-blogging website.

As for its price, SHIB’s recent slew of exchange supports has failed to make any notable impact. The asset was still down by more than 54% from its ATH of $0.000086 established in the last week of October to the press time price of $0.000039. In tandem with the broader market meltdown, SHIB recorded a decline of 20.19% over the past week.

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