- The meme coin’s swift adoption in retail made companies take interest in SHIB.
- The Shiba Inu (SHIB) devs have big plans to release the $SHI stablecoin.
- Shiba Inu recently scored “partnerSHIBs” in the fashion, food delivery and car hire markets.
As the Altcoin race continues, the SHIB Army has a lot to be proud of. Recently, Shiba Inu (SHIB) has outscored TRON (TRX) in total market capitalization to proudly claim the #13 spot on CoinGecko. Now, Shiba Inu (SHIB) has added another milestone to its honors list, as the meme coin surpassed Polygon (MATIC) in market cap.
Shiba Inu (SHIB) Overtakes Polygon
According to CoinMarketCap, The total market capitalization of Shiba Inu (SHIB) is at $5,434,588,805. Meanwhile, Polygon (MATIC) has a market capitalization of $4,264,580,784, indicating the swift growth of the dog-themed meme coin, as SHIB managed to surpass MATIC by 1.2B over a relatively short period of time.
Shiba Inu (SHIB) as a Solution for Businesses
With the adoption of the beloved dog-themed coin growing minute by minute, it comes as no surprise that an increasing number of enterprises around the world are taking note, and looking to include Shiba Inu (SHIB) as a payment option. Recognizing the opportunity, NOWPayments, a business payment solution provider, has created a gateway for firms interested in adopting SHIB.
According to the official tweet, the integration is as easy as pie. NowPayments has provided a step-by-step guide for new businesses to implement the solution on their websites, and take advantage of its automatic crypto-to-fiat conversion. Moreover, companies will be able to withdraw the payments as fiat currencies, without the need to go through a third party crypto exchange.
Hey, #SHIBARMY, another episode of The PartnerSHIB Saga is outOne more $SHIB use case:Direct fiat withdrawals for @Shibtoken are available NOW To celebrate this WOOF news, we prepared a new article @shibainuart @ShytoshiKusama @Switchere_comhttps://t.co/fCHBPyETebLargest Whales Remember SHIB— NOWPayments (@NOWPayments_io) July 11, 2022
While most of the top cryptocurrencies are still in agony from the brutal crypto winter, panic sell-offs have become increasingly common. However, that hasn’t the case for Shiba Inu (SHIB), as the heavily-supported meme coin is back in the top 10 among Ethereum’s (ETH) largest whales, indicating that SHIB is valued as a long-term investment. Ultimately, the 35.6% yearly increase affirms its perceived “long run” prospects.
JUST IN: $SHIB @Shibtoken is back on top 10 by trading volume among 5000 biggest #ETH whales in the last 24hrs Peep the top 100 whales here: https://t.co/kOhHps8XBB(and hodl $BBW to see data for the top 5000!)#SHIB #whalestats #babywhale #BBW pic.twitter.com/k8b6SxnwEoSHIB Army Anticipates the SHI Stablecoin— WhaleStats (free data on crypto whales) (@WhaleStats) July 12, 2022
There’s been a lot of great news for the SHIB Army in recent weeks, as lead developer Shytoshi Kusama issued updates on Shibarium, and urged the community to “march on”, despite the crypto storm.
First of all, the three native tokens of the Shiba Inu Ecosystem, $SHIB, $BONE and $LEASH, were all listed by a popular European exchange, giving SHIB holders the once in a lifetime opportunity to trade between any of the tokens on a single platform.
Secondly, a fourth token called $TREAT is on the way, and is intended to be used to distribute rewards. The reward system is mostly in relation to the constant burning of SHIB, which has been heavily endorsed by SHIB’s social influencers.
Most importantly, the Shiba Inu (SHIB) community is eagerly awaiting the launch of the $SHI stablecoin, which could significantly contribute towards SHIB transcening past its meme coin era.
Shiba Inu Will Release New Token TREAT as a part of Shiba Inu ecosystem development.Kusama revealed that Treat will be used to derive rewards for the Metaverse and the Shiba Collectible Card Game. It is also believed to play a key role in the balancing of the SHI stablecoin. pic.twitter.com/F149OLFEGf— Shib 2022 (@SuhelMemon4) July 6, 2022