Although the Shiba Inu price has been stagnant for a while, it has become active in the last 24 hours. The price reached a daily high of $0.00002501, rising 9.4% from yesterday's high of $0.00002266.
This rise helped offset losses experienced this week. SHIB had fallen along with Bitcoin on Wednesday.
However, the current price of $0.00002501 represents an increase of over 20% compared to Wednesday. Here are five factors that cause the price to increase:
Five Factors That Increase Shiba Inu Price
The crypto market decline that started on May 1 was stopped by the moves of Bitcoin whales. Whales quickly purchased $2.8 billion in assets and bucked the trend. You can read the details from the link below.
The Shiba Inu developer team's successful hard fork for Shibarium also increased mobility. The community celebrates the stability of gas fees along with fast transactions.
Binance Japan's introduction of the SHIB/JPY trading pair attracted attention as a reflection of the "Japanese investor" narrative in the market. With the listing of this trading pair, there was an increase in price and volume on the Japanese stock exchange. Other exchanges also introduced new margin trading pairs for SHIB this week, such as Kraken.
There has also been a development that will make it possible for millions of US investors using PayPal to purchase Shiba Inu. The new service offered by MoonPay includes positive details for many assets.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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