CRYPT — A recent report made available by CoinMarketCap, Shiba Inu has become the third most trending cryptocurrency of the week. The popular cryptocurrency with a dog theme is currently ranked third, only after Bitcoin (BTC) and Pepe (PEPE). Pepe (PEPE) overtook Bitcoin (BTC) as the currency receiving the most attention this week, with Bitcoin taking the dolphin position.
The cryptocurrency known as Kaspa (KASP) is currently ranked in fourth place, and Ethereum (ETH) is currently positioned in fifth place. Additionally, SCAM (SCAM), Alien Worlds (TLM), Polygon (MATIC), Ripple (XRP), and Terra Classic (LUC) coins all made the list of the top 10 most valuable cryptocurrencies. Additionally, Shiba Inu surpassed 4,481 other parts currently available on the market and reached #1 on LunarCrush’s AltRank list. The remarkable level of social media involvement and market activity performance put on by Shiba Inu can be attributed to achieving this achievement.
The game’s lead developer, Shytoshi Kusama, is responsible for a number of significant updates that have contributed to the game’s recent spike in popularity. These changes include the launch of Shibacals, the introduction of Shiba Inu’s World Paper, and a collaboration with Champion Apparels. In other news, Welly, a burger restaurant powered by SHIB, revealed plans to open two stores that are fully connected to their local communities.
In the meantime, the Shiba Inu is rapidly becoming more popular in mainstream culture. Credencial Payments, a payment service located in Latin America and the Caribbean, and Lyzi, a French-based payment software that focuses on cryptocurrencies, recently partnered with Binance Pay. This partnership hopes to increase the use of the Shiba Inu as a form of payment, which will lead to wider acceptance of cryptocurrency.