2021-12-17 15:51 |
Shiba Inu SHIB/USD was originally created as a meme token in August of 2020.
However, over time it became its own ecosystem with numerous introductions, such as the Shiba Swap, as well as the BONE and LEASH tokens.
That said, it has showcased a lot of promise throughout 2021, and this progress will carry on to 2022 and beyond.
The Bitstamp listing as a catalyst for growthWe discussed the increase in use cases in regards to the SHIB token on December 13 and how that will end up increasing the token’s value.
On December 15, Bitstamp, one of Europe’s largest cryptocurrency exchanges, posted an update on Twitter about the SHIB token.
They announced that the listing of the SHIB token was postponed due to some technical difficulties with the integration but announced that it would happen in 2022 and thanked the community for understanding.
That said, Shiba Inu was supposed to start trading on the exchange on December 9. However, the launch was delayed.
It is not currently clear how long it will take for Bitstamp to resolve these issues; however, the community now has a confirmation that they should not expect the token to get listed in December.
However, the hype surrounding this listing has the potential to boost the value of the SHIB token.
Should you buy Shiba Inu (SHIB)?On December 16, Shiba Inu (SHIB) had a value of $0.00003411.
To get a better perspective as to what kind of value point this is for the token, we will be comparing it to its performance in November as well as its all-time high-value point.
On October 28, SHIB got up to its all-time high value of $0.00008616. Here, we can see that at its ATH value point, the token was $0.00005205 higher in value or by 152%.
When we look at the token’s performance in November, we can see that its highest point of value was on November 1, when SHIB had a value of $0.00007409.
Its lowest point of value, however, was on November 24, when the token fell to a value of $0.00003667. Here, we can see that the token decreased in value by $0.00003742 or by 50%.
According to data from IntoTheBlock, SHIB saw $1.78 billion in transactions greater than $100,000.
With this in mind, we can expect the SHIB token to increase its value to $0.00008 by the end of January 2022.
The post SHIB price forecast: How will the Bitstamp listing impact the value of SHIB? appeared first on Invezz.
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