Shiba Inu is the Most Popular Crypto of 2021. Let us find out how the coin managed to defeat the likes of Bitcoin and Ethereum to become number one.
Shiba Inu is the Most Popular Crypto of 2021 according to the CoinMarketCap Index. Shiba Inu defeated the likes of Bitcoin, Ethereum to Rank as number one. The CoinMarketCap index tells us about the most viewed cryptocurrencies on the platform.
The young Memecoin defeated the largest and oldest Cryptocurrency in terms of popularity. Although relatively new, this coin has grown rapidly. Shiba Inu now has a market cap of over $20 billion. This makes Shiba Inu the 13th largest Cryptocurrency token in terms of valuation as of now.
Volatile, this coin is also billed as the Dogecoin killer. Initially, it was launched as the rival for Dogecoin. Shiba Inu saw a surge of 216% in a week. The coin was set at $0.000088 at that time. Presently, the coin is at about $0.0000384.
Additionally, Shiba Inu also emerged as the most popular Cryptocurrency in the Microblogging platform Twitter. This data was provided by the Crypto tracking website, Watcher Guru.
Widespread Adoption of Shiba Inu
Recently, Shiba Inu has been in the headlines due to its adoption by multiple organisations. Many companies are accepting SHIB as payments. And many more are considering it as a means of payment.
Along with that, Popular Crypto exchanges such as Kraken and Bitpay have listed the Shiba Inu coin on their platforms. As of now, 447 exchanges around the world list Shiba Inu on their platform.
AMC, a United States-based cinema theatre chain is open to the possibility of acceptance of Shiba Inu tokens as payment.
Analytics provided by CoinMarketCap give some data about Shiba Inu. About 1,090,840 wallets hold the SHIB token, and a figure of 14,645 are active addresses.
Shiba Inu is officially the Most Popular Crypto of 2021, according to CoinMarketCap. Undoubtedly, Shiba Inu has gained a lot of popularity in a very short span. However, Shiba Inu is notoriously famous for Whale activities. We’ve talked about various instances of Whale activities related to Shiba Inu. You can find them by clicking this link.
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