He Shiba Inu (SHIB) ecosystem is up high right now as it continues to celebrate several important milestones. The last one of them happens to be the meme coin listed by a prominent and leading crypto exchange. bitcoin/#:~:text=The%20report%20attributed%20Japan’s%20fondness,one%20of%20Ripple’s%20early%20partners.” rel=”nofollow noopener” target=”_blank”>in Japan.
Coincheck lists Shiba Inu
in a Press release, Japanese cryptocurrency exchange Coincheck announced that it will begin handling the meme coin in its crypto asset trading service. The crypto exchange also mentioned that it will integrate SHIB as a payment currency in its nft marketplace. Following this listing, SHIB joins a relatively narrow list of cryptocurrencies traded on the platform.
Coincheck also went so far as to highlight SHIB's growth in its announcement, something that could have spurred the exchange to list the crypto token. He stated that Shiba inu, which was created as a meme currency, is “progressing” and “use cases as a currency are expanding.” The crypto exchange specifically alluded to the usefulness of SHIB in the NFTs and DeFi Space.
The main developer of Shiba Inu, Shytoshi KusamaHe seemed delighted with this development as he warmly greeted reacted to crypto exchange advertisement from the listing on its platform X (formerly Twitter). SHIB can be said to be a fan favorite among Japanese investors as the crypto token has already been listed on a few other Japan-based crypto exchanges.
SHIB bears vie for control | Source: SHIBUSDT on Tradingview.com
The milestones keep piling up
Another important milestone that Shiba Inu recently celebrated is its layer 2 network, Shibarium, crossing the 100 million transaction threshold. Network activity on Shibarium has collected lately, and it doesn't seem to be slowing down one bit. At the time of writing, the total transaction count stands at over 1,112,000, according to data from Shibarium Explorer.
The development is positive as an increase in commercial activity is expected at Shibarium. ultimately bullish For the price of SHIB. This is because the number of SHIB tokens burned is projected to increase exponentially as network activity continues to increase on Shibarium. More SHIB burns could help boost the price of the meme coin.
Meanwhile, despite this notable milestone, Lucie, Marketing Director at Shiba Inuis to ensure that the community don't rest on your laurels. In a post by developer efforts as everyone has a role to play in the growth of SHIB.
At the time of writing, SHIB is trading around $0.000009881, down more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image of DMARGE, chart from Tradingview.com
