SHIB Continues To Soar As Twitter Updates Shiba Inu With A Nifty Feature

The dog-themed altcoin Shiba Inu has continued its surge as Twitter gifted the community with a nifty feature this week.

SHIB, the native token of the Shiba Inu ecosystem, stayed at the $0.000009 level, which was reached earlier this week, despite the ongoing winter in the cryptocurrency market.

The Shib Army appeared to be having a good start to the year after the value of the altcoin traded in green over the past weeks after bloody trading in December.

SHIB was trading up 2.60% at $0.000009491 at 2.38 a.m. ET on Friday, with a 24-hour volume of $329,519,230, latest data from CoinMarketCap showed.

Moreover, Twitter added the cashtag support for Shiba Inu as part of a new service launched last month. The new nifty feature allows users to monitor the prices of their favorite crypto assets, which now includes Shiba Inu.

The feature is easy to use as users simply need to type the dollar sign ($), along with the symbol of the crypto asset they are searching for. For example, users can get the latest price of Shiba Inu by typing $SHIB in the search bar.

The search result will give them the latest price graph, as well as a link to the website of Robinhood, a popular crypto exchange platform and financial services company.

Twitter launched the service on Dec. 21 and assured users that "in the coming weeks, we'll refine the user experience and expand our coverage of symbols."

"You can also search for symbols directly, without clicking on a link within a Tweet. Most symbols with and without the $ sign will work in search," the social media platform said at the time.

Twitter CEO Elon Musk said in December that the service is just "one of many product improvements coming to financial Twitter!"

The surge in the price of Shiba Inu could also be credited to the imminent announcement related to Shibarium, the ecosystem's highly anticipated layer-2 network.

The Shibarium development team had earlier confirmed they were preparing for the rollout of the network's beta version.

Previously, Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, mentioned that the team would first release the Shibarium documentation and beta before officially launching the layer-2 network.