Analysis Crypto by Thebittimes.Com

Shiba Inu’s ShibaSwap team has published a blog announcing that the team will take over the Shib burn portal from Ryoshi Vision. According to the announcement, the lack of communication from the Ryoshi Vision team drove the decision for ShibaSwap to take control of the portal. Although the Shibburn portal has been instrumental in reducing SHIB’s circulating supply, there have been issues with missing rewards. The ShibaSwap and Ryoshi Vision team had a meeting to discuss how to fix the issue of pending rewards. Nonetheless, the announcement alleges that when the ShibaSwap team attempted to get in touch with Ryoshi Vision again, there was “complete silence.” One developer promised to work on things, but to no avail. The said developer never got back in touch with the ShibaSwap team. The Ryoshi Vision internal moderation team contacted the ShibaSwap team announcing the creation of a new team, to make up for the actions of the now-absent development unit. Ryo...

Shiba Inu has endured another day of sideways and downwards action as the meme coin continues to struggle to maintain any momentum. As CryptoNews reported last week, the SHIB community has had some exciting announcements in recent weeks but none that have prompted any significant gains. The coin is currently trading at $0.00001085, a near-2% decrease in the last 24hrs despite trading volume increasing 28% to $120 million in the same timeframe. SHIB remains the second-largest meme coin by volume, trailing only Dogecoin. SHIB Gets New Exchange Listing One announcement that could get the price moving this week is SHIB getting a listing on another new exchange. The 'listing effect' is a well-known phenomenon in crypto where coins pump ahead of, and after, release on a new exchange.  It generally happens not only because new investors with untapped liquidity on that exchange become interested in buying the token. Investors and traders on other exchanges know of t...