SHIBA Inu coin continued to climb on Wednesday as a banking giant announced it created a new multi-coin wallet capable of storing NFTs.
Shiba Inu’s value was at $0.00003520 on Wednesday, a 6.73% increase over 24 hours, according to Coinbase price charts.
Bitcoin sat at $48,448.89 after seeing a 113.31% increase since the start of the year.
Also on Wednesday, South Korean banking giant Kookmin Bank (KB) announced it developed a new multi-coin wallet capable of storing NFTs and other tokens.
It uses Klaytn blockchain protocol, which was developed by web powerhouse and chat app operator Kakao, Crypto News reported.
Crypto currency and wallets are a popular choice for holiday gifts this year, with a new list by CNET detailing which are best for each level of investor.
The crypto market tumbled on Friday for some of the leading coins, with Forbes estimating almost $1trillion had been lost since the peak in November.
On Tuesday morning, Bitcoin, Shiba Inu, and Ethereum were among big coins that had bounced back.
Read our cryptocurrency live blog for the very latest news and updates…
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Gifting NFTs and other digital assets
Young investors told CNBC that they plan to gift cryptocurrency, NFTs and other digital assets this holiday season.
A 23-year-old from San Antonio, Texas, said she will get her sister and parents an NFT of a digital land lot to share in the metaverse.
She also plans to buy collectible NFTs from projects that aim to empower women, like World of Women…
