Shiba Inu, or SHIBA is a decentralised cryptocurrency that was created by an unidentified private or an organisation whose name is only “Ryoshi” in the month of August, 2020. It was designed to mock Dogecoin, and it was later to become extremely popular.
Shiba Inu is an animal-themed cryptocurrency is now as the top cryptocurrency by the global market monitor CoinMarketCap and has surpassed Bitcoin, Ether, and Dogecoin to become the most popular cryptocurrency on the platform by 2021. The SHIB token grew by greater than 216 percent during the month of October this year, and reached the record-breaking maximum of $0.000088. (roughly Rs. 0.0066). In the present the value of each SHIB token costs $0.00003823. (roughly Rs. 0.0029).
It is the 12th most valuable cryptocurrency, having its market value of around $20 billion (about the equivalent of Rs. 1,50,120 crore). On the 25th of October, WatcherGuru revealed that the meme coin, designed as a joke in order to compete with Dogecoin had outperformed Dogecoin to become the eleventh largest digital coin in terms of market capitalization.
The 3rd of December Ask The Doctor the Canadian online medical service provider, announced that it increased $1.5 million (approximately 11.26 crore). 11.26 million) as In Shiba Inu tokens on its balance sheet signalling that it was in the process of preparing to accept these as a form of payment for its business partners. AMC Movie Theatre, a film theatre company within the United States, is contemplating accepting Shiba Inu tokens as alternative payment options. Actually, according to a study conducted by the research firm ICO Analytics, the SHIB token was the most sought-after cryptocurrency on Twitter at the beginning of the year.
Kraken and Bitpay Two other international exchanges, also added two additional exchanges, including the Shiba Inu cryptocurrency to their exchanges earlier in the month. Shiba Inu is owned by 1090,840 wallet addresses, with 14,645 of which are in active use as per CoinMarketCap. Shiba Inu is listed at 447 exchanges across the globe.
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Barry is a lover of everything technology and finance (FinTech). Figuring out how the software works and creating content to shed more light on the value it offers users is his favorite pastime. When not evaluating apps or programs, he's busy trying out new healthy recipes, doing yoga, meditating, or taking nature walks with his little one.
