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Shiden Network Price Rises 30% According to Huobi Global Listing – The VR Soldier

Shiden Network’s price is up 30% making it the biggest winner on Crypto.com today. SDN is a relatively undervalued project with a market cap of $ 142 million and a trading volume of $ 11 million. What is the hype about and why has Shine Network’s price gone up so much today? Let’s find out.

What is the Shiden Network?

Shiden Network describes itself as a Multi Chain dApp Hub based on Kusama. It enables developers to quickly deploy smart contracts on the Kusama network.

Shiden supports the Ethereum Virtual Machine and WebAssembly as well as various applications such as DeFi, NFTs and more.

Shiden Network’s main selling point is its multi-chain infrastructure, which allows developers to connect to various blockchains like Ethereum, Secret Network, Cosmos and more.

Shiden Network has a fully featured app that users can explore. The portal offers 21 dApps at the time of writing, valued at over $ 20 million in total.

If you have SDN tokens, you can bet your tokens on the various dApps for potentially significant returns.

If you already own SDN, I would highly recommend putting your coins on a dApp of your choice.

Why is the price of the Shiden network rising?

The latest news on Shiden Network is their current listing on Huobi and their ongoing campaign on Huobi Global, a major exchange.

Huobi Global announced the Shiden Network listing last night, which will allow users to trade SDN on the platform.

Huobi is also running a promotion with a prize pool of SDN 91,000 and an APY of 100%. All users need to do is deposit SDN into their global Huobi account to be eligible for rewards.

Partnering with a major exchange is a surefire way to raise awareness of the project and generate interest from investors.

Shiden Network Award & Tokenomics

Shiden Network is currently trading at $ 2.69, up 30% over the past 24 hours. SDN has a market capitalization of $ 146 million with a 24-hour trading volume of $ 14 million.

There is a total supply of 71 million SDN, with a circulating supply of 54 million SDN. Overall, Shiden Network positions itself as a leader in the Web3 area and offers developers a multi-chain platform for developing next-generation dApps.

Most of the trading volume for SDN comes from Gate.io, KuCoin, and Kraken. However, with Huobi Global’s recent listing, we can expect even more trading volume.

Users can purchase SDN on most major exchanges. If you are in the US, we recommend KuCoin.

Disclosure: This is not trading or investment advice. Always do some research before buying any cryptocurrency.

Also read:

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