Shiba Inu Woofs
The Shiba Inu is a new meme coin that is taking the crypto market by storm. This cryptocurrency is named after the famous Japanese dog and has already made some investors millions. The currency also has some celebrity backers, including comedians Jimmy Fallon and Seth Rogen. But what makes this unique coin so special? Its mascot, the Shiba Inu, has the potential to become a global phenomenon.
The Shiba Inu Coin was created by Ryoshi in August 2020. Its price jumped by tenfold by October 2021, reaching $35 billion in market capitalization on Oct. 31. In December, it was one of the top 10 cryptos in the world. But this doesn’t mean it’s going to be a big hit anytime soon. The Shiba Inu will have to prove itself in order to prove its value in the cryptocurrency market.
The Shiba Inu, which is a canine-inspired cryptocurrency, is already listed on the largest Mexican exchange, Bitso. Earlier this week, the exchange teased that it would list the Shiba Inu on its exchange, and this was done on Jan. 13. The currency is currently listed on 16 different cryptocurrency exchanges. Its partnerships with the US-based Circle have been impressive, with both enabling cross-border payments and partnering with Brazilian professional football team Sao Paulo FC.
The Shiba Inu Woofs Its Way On To Major Mexican Crypto Exchange
The Shiba Inu was initially created as a joke by Ryoshi in August 2020, but quickly gained momentum, rising from a couple hundred dollars to $35 billion at the end of last week. While it’s still a small coin, it’s already up 12% in one day. Its future looks bright, as it’s on track for a 10% price jump.
This bullish market may not last for long, but the price of the Shiba Inu has reached a record high in Mexico and could potentially cross into other Latin American countries. In the meantime, the currency has a bullish stance, and is trading at $0.00002881 at the time of this writing. This will likely drive the price up even further. The cryptocurrency will remain highly liquid for several years, and it’s possible that it may soon start gaining popularity in the US.
The Shiba Inu is a dog-shaped cryptocurrency created by Ryoshi. Its price rose by more than ten times in August 2020. It has already reached a $35 billion market cap on Oct. 31 2021. The price is currently 12% higher than the day of last week. The market will continue to rally this week, if not higher.
