Binance US, the American arm of the popular cryptocurrency exchange Binance, announced via Twitter on Friday that trading for $SHIB/$USD is now available on its platform.
The announcement was met with mixed reactions from the community, with some expressing excitement and others suggesting alternative cryptocurrencies to consider.
SHIB is the native token of the Shiba Inu ecosystem, which includes ShibaSwap, a decentralized finance (DeFi) platform that features liquidity pools, token swaps, non-fungible tokens (NFTs), voting rights within the DAO, and more.
The inclusion of $SHIB on Binance US is seen as a significant milestone for the token’s ecosystem, as it expands its reach and accessibility to US-based investors.
In response to the announcement, one community member suggested that Binance should consider looking into $SANI, a refined version of $SHIB with true untainted decentralization, utility, and purpose within the DeFi space.
Others expressed their excitement to see the meme coin’s value rise, with one member stating that they would be happy to see a “huge green candle” on the charts.
However, others expressed concern about the coin’s current value, with one member suggesting that the token should increase above .000015 and remove several zeroes to stabilize its value.
Despite the mixed reactions, the announcement marks a significant development for SHIB and its ecosystem as it continues to gain traction in the world of DeFi and cryptocurrency trading.
AI Prediction For SHIB By The End Of 2023
The meme coin has emerged as one of the most sought-after cryptocurrencies in the market due to its potential for explosive growth. In an effort to predict the future price of this digital asset, investors are increasingly turning to artificial intelligence (AI) models.
According to CoinCodex’s machine self-learning technology, the predicted meme coin’s price on December 31, 2023, is $0.000008451. This forecast represents a -35% decline from SHIB’s current price of $0.00001254, as per Coinmarketcap.
AI algorithms leverage vast amounts of data from various sources, including historical prices, trading volumes, market capitalization, social media sentiment, and news. By analyzing these data sets, AI models can identify patterns and forecast future trends.
It’s important to note that the accuracy of these predictions can be affected by several factors, and as new data becomes available, the forecast may change. While AI has the potential to provide valuable insights for investors, it’s still a relatively new concept in cryptocurrency markets.
Related Reading | After BONE, Shiba Inu’s PAW Imprints On Gate.io
