2021 has been very special for Shiba Inu, as it is the first year since the inception of this crypto coin, when this coin has achieved immense fame in terms of value. Its popularity is evidenced by the fact that Shiba Inu topped the list of the most popular cryptos of 2021 by global market tracker CoinMarketCap.
This meme coin has overtaken the world’s most popular and oldest cryptocurrency, Bitcoin, the second largest crypto coin Ether and the most popular meme currency Dogecoin. With a market capitalization of over $20 billion (approximately Rs 1,50,120 crore), SHIB has grown significantly in terms of valuation as well. In October this year, the SHIB token rose by over 216 percent within a week and reached its all-time high at that time trading at $0.000088 (approximately Rs.0.0066). Each SHIB token was worth $0.000034 at the time of publication of this report.
CoinMarketCap reports that after Shiba Inu, Bitcoin, Cardano and Ethereum have ranked second, third, fourth and fifth respectively on the popularity index.
This token was started as a joke. It emerged as the 11th largest cryptocurrency coin by market value on 25 October.
On December 3, Canadian online medical service provider Ask The Doctor announced that it had added $1.5 million worth of Shiba Inu tokens to its balance sheet. Apart from this, it was also told that the company is planning to accept SHIB as payment.
American movie theater chain AMC is also considering taking Shiba Inu tokens as a payment option.<!–
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