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October 8, 2022
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SHIB jumps 16% after listing by Binance, Times Square advertisement

Yesterday’s videos show a huge advertisement for the Shiba Inu coin in New York’s Times Square. Since then, the token has increased by double digits.

The Shiba Inu coin, a dog-themed cryptocurrency, has fired in the past 24 hours. The reasons are numerous, with a recent announcement in New York City likely contributing.

soon we will reach the moon”, says the gigantic digital billboard. Alongside the mantra of the cryptocurrency industry is a cartoon Shiba Inu dog in a dress shirt and tie, mimicking the Wall Streeters of yesteryear, just a 20-minute drive from Times Square.

The promotion comes at a time when all dog coins, including Shiba Inu, Dogecoin and Floki Inu coins, have had a bizarre run of good luck. Since the SHIB promotion started circulating on Twitter yesterday, the ninth-largest cryptocurrency has increased a total of 17.3%.

SHIB is an Ethereum-based token, created by a developer using the pseudonym Ryoshi.

Launched in August 2020, it has attracted a lot of attention within the cryptocurrency industry in recent months – largely due to the indirect involvement of Vitalik Buterin, co-founder of Ethereum.

Last week, SHIB entered the top ten of the largest cryptocurrencies in the world, having reversed both Dogecoin and USDC stablecoin. The asset is changing hands for $0.00007320 at the time of publication, 15% off the currency’s record last week, according to CoinGecko.

In an interesting twist of events, the Binance announced today it will open trading for the SHIB / DOGE pair, allowing traders to place direct bets on any of the competing currencies.

According to the announcement, trading in the SHIB / DOGE pair will open on Tuesday, November 2nd.

Rumors from Tesla made the price of SHIB rise.

To add a dash of intrigue, rumors began to circulate that electric car maker Tesla might be adding SHIB as a payment option.

That’s what Sawyer Merritt, a well-known Twitter personality with over 85,000 followers, pointed out in one of his latest posts.

More specifically, Merritt noted that Tesla’s website source code shows Shiba Inu listed in the “inspect element” during verification.

Source: Decrypt

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