Shiba Inu (SHIB), a Japanese dog breed inspired token, price is skyrocketing right now with 35.88% gains for the day as major online retail giant Newegg Commerce Inc. officially confirmed that it will accept Shiba Inu via Tweet.
— Newegg (@Newegg) November 26, 2021
Newegg currently accepts 11 cryptocurrencies, including Bitcoin, Dogecoin, and Shiba Inu.
The internet retailer started to accept Bitcoin (BTC) as a payment option in 2014. In April of this year, it also add support to Dogecoin. (DOGE).
The other news responsible for this surge in price is Kraken.
Kraken added Shiba Inu (SHIB) to its trading platform saying:
“$SHIB deposits begin NOW! Trading is live November 30.”
— Kraken Exchange (@krakenfx) November 29, 2021
Kraken is a United States-based cryptocurrency exchange and bank, founded in 2011. The exchange provides trading between cryptocurrency and fiat currencies and provides price information to Bloomberg Terminal.