Shiba Inu (SHIB) to be Listed on a Popular Japanese Crypto Exchange: Here’s the Schedule

Summary:

Japanese cryptocurrency exchange BitTrade plans to support Dogecoin (DOGE) and Shiba Inu (SHIB) starting from October 18. The announcement was highlighted by LUCIE, the Market Strategist at Shibarium. The growth of SHIB’s price in the future is believed to hinge on mass adoption and Shibarium’s advancements.

Paying Attention to Memecoins

BitTrade, the Japanese cryptocurrency exchange, has announced on Twitter that it will allow deposits and withdrawals for the two largest memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), starting from October 18. This move will bring the total number of supported assets on the exchange to 34.

Founded in 2016 and acquired by Huobi in 2018, BitTrade is one of the leading cryptocurrency platforms in Japan and also operates as a financial instruments business operator.

Shibarium’s Market Strategist, known as LUCIE on Twitter, was quick to highlight the upcoming support for these memecoins.

The Importance of SHIB Adoption

Analysts and experts believe that widespread adoption of Shiba Inu could play a significant role in driving up the price of SHIB in the future.

Other factors that could contribute to price growth include positive market sentiment, increased participation from institutional investors, favorable macroeconomic conditions, successful execution of the burning program, and further advancements in Shibarium, the layer-2 scaling solution.

To learn more about the launch, specifications, and objectives of the network that aims to elevate Shiba Inu above its competitors in the memecoin space, you can watch the video clip below: