Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) started the week on a positive note as Japanese crypto exchange, BitTrade announced adding the meme coins.
Amid widespread acceptance of tokens at exchanges, regulatory compliance changes and an expected approval for Spot Bitcoin ETF, could this news push token prices higher?
What Happened: BitTrade issued an official statement that deposits, withdrawals, buying and selling of crypto assets Dogecoin and Shiba Inu will commence on its exchange, effective Oct. 18, 2023.
This will take the total number of the exchange's crypto assets to 34 cryptocurrencies. The transactions will be limited to physical items only. There is no assurance that the effective date mentioned will be the final one, stated BitTrade.
Shiba Inu’s burn rate witnessed a significant surge of more than 270% within the past 24 hours. It marks a huge 48 million SHIB tokens burnt that were permanently removed from circulation.
Currently, Shibarium has 27,293 registered accounts. Verified contracts on the network peaked at 18.4% to 710 in only one week. The contract growth on Shibarium stands at 11,284, with an average of 60 new contracts daily.
Billionaire Elon Musk favored-Dogecoin claimed to have a significant sum of Dogecoin wallets with unrealized earnings. The top 100 wealthiest DOGE addresses control around 47% of the token’s total supply and the leading address holds 23.5% of the coin, as reported by CryptoNewsZ. Around 80% of DOGE is controlled by wallets, with balances ranging from $1 million to more than $10 million.
Price Action: At the time of writing, in the past 24 hours SHIB saw a 1.4% increase while DOGE saw 0.8% growth. DOGE is at $0.0602 and SHIB is at $0.000007116, on Monday afternoon.
Also Read: Dogecoin's Path To $1: Analyst Sees This Critical Breakthrough As Bull Run Trigger
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