- New Shiba Inu Features Announced on Kraken
- Current Shiba Inu Price Analysis
- Analysis of Other Popular Tokens
The Shiba Inu price dropped by a fraction of a percentage in the last 24 hours despite recent announcements about new features on the Kraken platform.
New Shiba Inu Features Announced on Kraken
Shiba Inu developer under the pseudonym Shytoshi Kusama announced that SHIB is now added as new collateral for futures on Kraken Pro. This will allow SHIB to be used to access more than 200 perpetual futures contracts on Kraken.
Current Shiba Inu Price Analysis
According to GeckoTerminal data, the Shiba Inu price has been declining since August 25 when bearish sentiments took control at $0.00001601. SHIB found support around $0.00001350 and surged back to the $0.00001449 resistance, forming a rounding bottom pattern. However, the price dropped again to the $0.00001392 support level, from where it might rebound.
Analysis of Other Popular Tokens
Alongside changes in SHIB's price, other tokens are also showing interesting movements. Shiba Shootout has caught attention with its presale raising $1.05 million and growing popularity in gaming and crypto communities.
Despite the minor drop in Shiba Inu's price, the cryptocurrency continues to draw attention thanks to new features and support on major platforms like Kraken.
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