Crypto exchange Binance in an official announcement on October 20 reveals plan to discontinue certain liquidity pools on its Binance Liquid Swap. Meanwhile, money has been drained from DOT, UNI, TRX, ATOM, and BNB. Binance Removes Major Liquidity Pools In BUSD Pairs. The data show XRP's gains have been mainly spot-driven. Although there were no immediate catalysts for SHIB and DOGE tokens, the prices. Open interest in XRP has increased by a meager 0.76% in seven days, even as the payments-focused cryptocurrency's price has surged by 18.6%, the biggest gain among major cryptocurrencies. Bitcoin, meanwhile, has traded flat around $35,000. The DOGE and SHIB prices have gained 6.5% and 3.6% in one week, according to CoinDesk data. Aviso sobre eliminación de algunos pools de liquidez en Binance Liquid Swap () (08-15) trd-singal-disconnected. Historically, a continued outperformance of meme cryptocurrencies has signaled greed and marked trend changes in bitcoin's price. Intercambia SHIB por DOGE y otras criptomonedas en el exchange de criptomonedas más grande del mundo. The fact that more money has recently flown into derivatives tied to non-serious coins like DOGE and SHIB suggests increased willingness among investors to take risks. Meanwhile, open interest in MATIC, ETH, ETC, and LTC has increased by 6% to 7%, while remaining unchanged in bitcoin (BTC) over the same time period.Īn increase in open interest indicates an influx of new capital entering the market. Open interest in DOGE has risen 14.6% to $328 million. Open interest, the dollar value locked in active perpetual futures and standard futures contracts, tied to SHIB has grown by 23% to $61.74 million since November 1, marking the highest percentage growth among top cryptocurrencies, as per Velo Data. Make sure to exercise sufficient risk management: only invest what you can afford.According to CoinDesk, the recent surge in Bitcoin's price has led to an increased inflow of money into leading meme cryptocurrencies shiba inu (SHIB) and dogecoin (DOGE). According to the Binance website, you either have to purchase Binance USD (BUSD) or Tether (USDT) before you can swap it for SHIB.īinance issued a warning to its users after the Shib Inu listing, reminding investors that the meme token is a highly speculative asset: "SHIB is a relatively new token that poses a higher than normal risk, and as such will be likely subject to high price volatility after the Binance listing."Īs with any investment, if you plan on diving into the SHIB crypto craze, do your own research about SHIB's mission and fundamentals so that you fully understand what you're getting into. Now you can purchase SHIB on Binance, but unfortunately, it's not any less convoluted. As such, prior to the Binance listing, in order to purchase SHIB, buyers had to purchase ETH (Ethereum's native cryptocurrency) and exchange it for SHIB on Uniswap. SHIB is an ERC-20 only token, which means that it runs on the Ethereum blockchain and uses its smart-contract technology. If you can, it's safer to trade on a decentralized exchange like Uniswap or 1inch." Created in part as a cheaper, sub-penny alternative to DOGE, SHIB’s fortunes rose and fell accordingly as DOGE entered and exited the newscycle. "There are some centralized exchanges that have listed SHIB, but have a history of locking funds. Why Is the Price of Shiba Inu Coin (SHIB) Going Up Undoubtedly, some of SHIB’s success can be attributed to the popularity of its older sibling, DOGE. Up to 30,000 Bonus SHIB/DOGE Binance price chart in real-time. ![]() News and bullish developments in the ecosystem typically act as a catalyst for the price of the asset. After the success of DOGE and SHIB, a large number of dog-themed meme coins entered the market and gained traction within the second half of 2021. ![]() Today is the first international Doge's Day and Doge DAO is hosting an event in honor of Kabosu in Japan. Leading the meme coin market with the highest market capitalization are Dogecoin (DOGE) and Shiba Inu (SHIB). Before it was added to Binance's arsenal, SHIB also scored a listing, but at the time, the Shiba Inu team encouraged investors to purchase SHIB on Uniswap. The birthday of the Shiba Inu dog Kabosu, popularly known as Doge's day, marks an important milestone for the Dog Decoin owners community.
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