Shiba Inu Grows More than 25% After Kraken Announces Token Listing

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Cryptocurrency exchange Kraken has just announced it is listing the Shiba Inu (SHIBA) token, which has caused its price to experience a significant increase.

Over the past 24 hours, the price of SHIBA has skyrocketed by 26.4% to $ 0.0000494, while the capitalization of the token has reached $27.121 billion.

SHIBA has once again broken into the top ten altcoins, beating its competitor Avalanche (AVAX). Besides, analysts believe the token might bypass Dogecoin (DOGE), whose capitalization is $28.822 billion.

Kraken allowed Shiba Inu deposits yesterday Monday. The crypto will be available for traders paired with the US dollar and the euro.

The platform promises to launch futures and margin trading in the future. The SHIBA price reached $0.00008845 at the end of October.