SHIB Price Soars Following Listing on South Korea's Upbit Exchange
South Korea’s largest cryptocurrency exchange, Upbit, has announced it will now support Shiba Inu (SHIB) trading pairs with the Korean Won (KRW).
Upbit has added SHIB and GAL as the latest digital assets to its platform, introducing the SHIB/KRW and GAL/BTC trading pairs. However, Upbit has noted that deposits are currently only accepted from the ERC-20 network, with other networks like BNB Chain not yet supported.
Shiba Inu (SHIB) was created by Ryoshi, who claims to be a Japanese developer. The project aims to be a community-driven crypto initiative with no central governing entity.
According to a January 16 announcement, the Shiba Inu development team is set to unveil the beta version of its layer-2 solution, Shibarium. This new layer-2 aims to revolutionize the Shiba ecosystem and focus on applications within the metaverse and gaming sectors.
Following these updates, SHIB has experienced a noticeable surge, with a 22% increase in the past 24 hours, signaling a resurgence of interest in this meme coin. The community is also excited about the future prospects of the token. SHIB is currently trading at $0.00001245 on Binance.
1-hour chart of SHIB/USDT on Binance as of 10:40 AM on January 18, 2023
