The world has emerged into the trend of cryptocurrencies as the technology grabs the attention of investors on a large scale. Moreover, in recent times, meme-currencies were the talk of the town which created a buzz in the market. Dogecoin was the first meme-currency that was trending with the support from Elon Musk.
Initially, it all started as a joke coin, but as the support from Musk was trending, the coin also began to trend in popularity and price value. Following that many memes, cryptocurrencies began to rise and from those, some had the potential to reach heights. One such coin is Shiba Inu (SHIB) which has risen in popularity as well as in price value.
Shiba Inu (SHIB) is an Ethereum-based token that aspires to be an Ethereum-based solution to the popular meme coin Dogecoin (DOGE). It was established by an anonymous individual named Ryoshi, and the coin’s website describes it as “a decentralized meme token that developed into a vibrant ecosystem.”
Current Market Status
The current trading price of Shiba Inu (SHIB) is $0.000026 with a trading volume of $9,117,315,771 in the last 24-hours. Moreover, SHIB has surged to 273% within a week and it is the 20th biggest cryptocurrency in market value. The current circulating supply of SHIB coins is 394,796,000,000,000.
The price chart of SHIB depicts the bullish pattern for the past week. The price value of SHIB has surged from $0.0000077 to $0.00003366 within seven days. Consequently, SHIB is 26% up in the last 24-hours, whereas 273% up in the past week. SHIB is available in top exchanges such as Binance, Mandala Exchange, OKEx, Huobi Global, and FTX.
SHIB Partners With NOWPayments
Shiba Inu has announced its partnership with NowPayments which will be onboard soon. SHIB users can use NowPayments for burning $SHIB, $LEASH, and $BONE. NowPayments is a non-custodial payment process platform that provides an easy way to accept online payments with various cryptocurrencies.
Considering the recent update, the firm’s announcement on partnering with NowPayments might be the reason for the price surge. However, SHIB is a popular token that has already created an impact among investors. Users are experiencing a sweet spot over the past week and they expect more price hikes in the upcoming days. With the ongoing developments and updates, SHIB has the potential to reach heights.