Crypto Exchange Kraken Pledges to List Shiba Inu Tuesday, Asks SHIBarmy to Vote On It | Currency News | Financial and business news

Shiba inu
  • Kraken said it would list shiba inu on its platform on Tuesday if the idea got 2,000 likes on Twitter.
  • The fan SHIBarmy quickly hit the mark, but the coin has yet to appear on the crypto exchange.
  • The price of the dogecoin-inspired token has risen recently, in part thanks to Elon Musk’s tweets.
  • Sign up for our daily newsletter here, 10 things before the opening bell.

The Kraken crypto exchange plans to list shiba inu on its trading platform on Tuesday, he reported, asking fans of the coin itself to vote on Twitter.

The company called on fans of the token to support the idea in a poll posted on Twitter On Monday. Kraken product manager Brian Hoffman would add shiba inu to his cryptocurrency list if he got 2,000 likes, he said.

@brianchoffman said if we get 2000 likes we will list $ SHIB tomorrow – but he thinks we can’t do it. #SHIBArmy where are you? ”the company said in the tweet.

The SHIBarmy – the die-hard fans who drove the token’s record rise – came out in force with more than 58,700 likes and 14,500 retweets on Tuesday morning. They hit the target in less than 20 minutes.

However, shiba inu does not appear to have been added to the Kraken platform yet. The online crypto exchange, one of the largest in the world, already lists 93 assets, from the market leader bitcoin to the popular cardano and solano altcoins.

Fans of the dogecoin-inspired token on Twitter urged people to “make some noise” for Kraken, welcomed newcomers to the military, and said they expected shiba inu to rally more.

Investors took advantage of the recent epic rise of shiba inu. The price of the dogecoin-inspired token has risen by over 900% over the past month, supported by fan enthusiasm and in part by tweets from Tesla CEO Elon Musk, who owns a shiba inu puppy.

On Tuesday, however, its price was down 2.4% from 24 hours ago, to settle at $ 0.00006973.

Not everyone in the crypto space thinks shiba inu is a great investment.

“Memes are more like lottery tickets than an investment,” James Butterfill, investment strategist at crypto platform CoinShares, told Insider.

He said the shiba inu completely lacks basic principles or potential end use and therefore should not be taken seriously.

“We think it is very difficult to understand when the meme will capture the imagination of investors, and therefore should be viewed with extreme caution,” he added.

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