Popular crypto asset Shiba Inu (SHIB) is outpacing its primary competitor as the crypto exchange Kraken appears ready to list the dog-themed memecoin.
SHIB has officially surpassed Dogecoin (DOGE) in terms of market cap, according to CoinGecko, and is now the ninth-largest crypto asset by that measure.
The meme token “flippening” occurred a little more than a month after crypto exchange giant Coinbase listed SHIB on all trading platforms. Now, another top US exchange is looking to get in on the action.
According to Kraken’s official Twitter account,
“Brian C. Hoffman [product lead at Kraken] said if we get 2,000 likes we will list SHIB tomorrow – but he doesn’t think we can do it.
SHIBArmy where you at?”
🐶♥️🐶♥️🐶♥️🐶♥️🐶@brianchoffman said if we get 2,000 likes we will list $SHIB tomorrow – but he doesn’t think we can do it.#SHIBArmy where you at?
👇 👇 👇
💬 🔁 ♥️— Kraken Exchange (@krakenfx) November 1, 2021
The tweet, posted early morning on November 1st, has since garnered over 62,000 likes. Kraken has yet to list SHIB at time of writing.
Binance, the world’s largest crypto exchange, listed SHIB in May, triggering a 167% rally in the Dogecoin-inspired crypto. It has since added a SHIB/DOGE trading pair as well.
SHIB is currently trading at $0.00006774, up 60.3% in the last week, according to CoinGecko. It is up 119588347.2% over the last year.
Dogecoin is currently trading at $0.27, with a market cap of $35,814,791,425 compared to SHIB’s $36,892,112,898.
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Featured Image: Shutterstock/Sergey Nivens