SHIB has been in the news for being listed on more exchanges, thereby increasing liquidity and access to the token.”The growth of Shiba Inu shows the power of being a community-driven project,” says Nischal Shetty, Founder, WazirX.
It has some actual use-cases.As per Nirmal Ranga, Chief Revenue Officer, ZebPay: “The Shiba Inu token system supports innovative and artistic projects like NFT art incubators.
With Bitcoin and Ethereum prices on the higher side, SHIB still offers a low-cost entry into the lucrative crypto market, says Shivam Thakral, CEO, BuyUcoin — a home-grown cryptocurrency exchange — and the best part is that it is available in large quantities in the domestic markets.
But Ranga of ZebPay adds that the surge in volumes that the token has been witnessing can also be attributed to the fear of missing out that typically arises — as interest peaks, and traders rush to take part in the rally to book profits.