Does Uphold’s listing improve Shiba Inu’s bullish case? The question is on many investors' minds as Shiba Inu (SHIB) experiences bullish sentiment. American-based crypto exchange Uphold has recently shown increased interest in the Shiba Inu ecosystem, even inquiring about Shiba Inu’s AI partner, Bad Idea AI (BAD) on the X platform (formerly Twitter).
While Uphold's direct listing of SHIB isn't the sole factor, its growing engagement certainly contributes to a more positive outlook. Uphold, a commodity trading/crypto exchange platform, listing additional cryptos generally indicates broader acceptance and accessibility, indirectly benefiting established tokens like SHIB. However, we're still waiting to see a direct SHIB listing, which would have an even more pronounced impact.
According to crypto analyst Alex Clay, Shiba Inu’s price has identified two key targets based on its Fibonacci retracement levels. This technical analysis, combined with the ecosystem's developments, paints a picture of potential growth. Shiba Inu rebounded from intraday lows with strong volume support just Hace 2 días, as traders eye key resistance levels for signs of a bullish breakout.
Shytoshi Kusama, the lead developer of Shiba Inu, recently engaged with the community, further fueling optimism. This community engagement and ongoing development contribute to the long-term bullish case. The recent price increase of 0.78% in Shiba Inu's SHIB token further underscores this sentiment.
AI Boost: Despite near-term hurdles, analysts remain bullish long-term, with forecasts placing SHIB near $0.–$0. by 2025–2025 if adoption and market conditions remain favorable. Whether Uphold listing SPELL and CVX in January, or eventually listing SHIB directly, the increased attention and accessibility of the broader cryptocurrency market undoubtedly helps to bolster Shiba Inu's potential for future growth.