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Prominent meme coin Shiba Inu has now marketed another landmark after its remarkable performance this year. The meme token was developed as an opponent for the highest meme token Dogecoin got the way to become the greatest competitor thereof. Presently, Shiba Inu is standing on the place thereof while having made significant progress in the meme token zone. The digital asset has witnessed many alterations since the time of its latest all-time high in October this year.

It has been included in several listings on prominent exchanges like Binance, Kraken, and Coinbase. Being an addition to its adoption as a method of payment by well-known merchants, currently, Shiba Inu has reached another notch in the capitalization thereof by being listed on one of the many sternest climates across the globe.

Shiba Inu gets listed on an exchange in South Exchange

The reputation of South Korea is that of being among the extremely rigorous laws around the crypto sector. Being similar to Japan, acquiring a digital asset on a crypto exchange within the area includes a lot of paperwork as well as a process that could be prolonged over the years. Nonetheless, the token has succeeded in doing what could not be done by several well-established projects and that counts as its listing on a crypto exchange in South Korea.

Shiba Inu authoritatively started to trade on November 24 over the Korbit exchange. Korbit is considered as the crypto exchange in South Korea to deliver purchasing, trading, as well as selling services for the investors of cryptocurrency across the region. The exchange is categorized among the few that made it through the severed regulatory pressures causing the dismissal of up to 40 exchanges during September. The information was given on Tuesday when the exchange mentioned listing the meme token in parallel to another crypto asset INJ (Injective Protocol). Following it, an airdrop of up to 360,000 SHIB tokens was received by the consumers for creating as well as investing the Shiba Inu token on the respective exchange.

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Dip amidst a good news

Notwithstanding its listing news, no significant surge has been witnessed in the price of the token. Rather, a continuous dip has been seen in the value of Shiba Inu as it lost more than 50% of the all-time high thereof. The position is considered to be the lowest during nearly a month as well as no indication of immediate recovery has been witnessed by the token.

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Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.