The crypto market is off to a good start at the start of the year. As per CoinMarketCap, the crypto market is trading with a reasonable growth rate despite an imminent global recession.
The dog-themed meme token Shiba Inu (SHIB) has outperformed other top cryptocurrencies in this new year. The leading cryptocurrencies, Bitcoin and Ethereum, lag slightly behind Shiba Inu in this weekend’s crypto market. At the start of 2023, SHIB experienced a nearly 40% growth rate.
According to CoinMarketCap, Shiba Inu was trading at $0.000012 at press time, up by $1.36% in the past 24 hours.
The ten platforms that accept Shiba Inu for transactions Hostkey, Gamestop, DavidSW, American Cancer Society, Jomashop, Sling, APMEX, Petco, Whole Foods, and Nordstrom.
Recently, Justin Bons, Chief Investment Officer at Cyber Capital Europe’s oldest cryptocurrency fund, tweeted that out of the top 50 cryptocurrencies, 32 are as decentralized. Shiba Inu (SHIB), and Dogecoin (DOGE) are on the list.
He tweeted, “Out of the top 50 cryptocurrencies; only 32 are technically decentralized.” Even though both the dog-themed meme tokens are decentralized, there is a slight difference between them. Justin said Doge is a single client and lacks on-chain governance.
DOGE was trading at $0.088 at press time, down by 0.09% in the past 24 hours.
SHIB, with 4.43 million monthly searches globally, secured the third position among the top google searched cryptocurrencies in 2022. Bitcoin and Elon Musk’s favorite, Dogecoin secured the first and second position, respectively. In the US, Shiba Inu beat DogeCoin with 1.29 million monthly searches.
Upcoming Layer 2 network Shibarium
Shibarium, a transitional evolution to the Shiba Ecosystem, will serve different industries, including metaverse, gaming, and web3 innovation. L2 runs on the Ethereum blockchain.
“This layer aims, as a protocol, to work on top of existing blockchain networks, allowing for faster, cheaper, and more private transactions to be processed off-chain, while still relying on the security of the underlying blockchain,” read Shiba Inu’s blog.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/01/30/ten-platforms-that-accept-shiba-inu-for-transactions-in-2023/