While most leading cryptocurrencies were in the red, Shiba Inu stood out in green, recording a 2.17% gain.
Although the SHIB token is currently trading below $0.000031, it is held by more than 1.17 million people.
At the time of writing, it had reached a daily high of $0.00003232 and a low of $0.00003015.
SHIB Listing on Foxbit
One factor behind today’s rise in SHIB prices was its listing on Foxbit, a top cryptocurrency exchange in Brazil.
On February 10, Foxbit announced it would list Shiba Inu, and trading for SHIB began this Thursday. The exchange stated that Shiba Inu and four other crypto assets — Gala (GALA), LooksRare (LOOKS), Fantom (FTM) and Illuvium (ILV) — are now available for trading.
A #ShibaInu veio! 🐕 E junto com ela +4 novas opções de ativos para diversificar o seu portfólio! A gente faz tudo mesmo, né?
SHIB, GALA, FTM, LOOKS e ILV já estão disponíveis para negociação em nossa plataforma. 🧡 pic.twitter.com/hS0vRfjD4J
— Foxbit (@foxbit) February 16, 2022
According to CoinMarketCap data, Shiba Inu’s price did not undergo a major shift immediately following the listing, as might be expected from such a high-profile addition. However, trading volume did increase slightly by 4.59%, indicating a rise in buyer interest.
About Foxbit Exchange
Foxbit is one of Brazil’s most prominent cryptocurrency companies, founded in 2014. It serves more than 950,000 registered customers and bases its operations on three pillars: security, transparency and agility.
One notable feature of Foxbit in Brazil is that customers registered in the country can trade Bitcoin (BTC) with a 0% deposit fee when using Brazilian reais.