This Meme Coin is in the Giants League! – Cryptokoin.com

The popular meme coin Shiba Inu has recorded yet another important milestone amid its growing popularity. Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, ranked Shiba Inu (SHIB) among the top three most-watched cryptoassets. Here are the details…

Meme coin among the most watched on Binance

The popular meme coin SHIB has taken a prominent place on Binance. According to the ranking, the top three most-watched cryptocurrencies on Binance this year were Bitcoin, Ethereum and Shiba Inu. The major cryptocurrency exchange announced this in a tweet. The latest milestone was also marked by “shibtoken”, the official Twitter account of the Shiba Inu. Specifically, the latest milestone further depicts the Shiba Inu’s growing popularity among crypto traders.

It’s not surprising to see the Shiba Inu rank among the most-watched cryptocurrencies on Binance in 2022. This year, cryptocurrency whales took advantage of the low price of the Shiba Inu to snatch major SHIB tokens. Binance has been a tool to help these whales move cryptocurrency to and from the exchange. For example, last week, cryptocoin.com As we reported, Binance moved 1.89 trillion Shiba Inu in one day.

Shiba Inu is growing in popularity

So far this year, the Shiba Inu has had great success which shows how popular it has become. While Shiba Inu was just a meme coin, it has moved into the category of “utility”, that is, cryptocurrencies with a usage area. Gucci, Rooms-To-Go, Amsterdam Vintage Watches etc. Many businesses now accept cryptocurrency as a payment method. With so many businesses adopting the Shiba Inu and the token’s widespread adoption by crypto whales, traders see it as their duty to follow the price of the asset.

The number of CoinMarketCap (CMC) users with Shiba Inu on their watchlist has recently exceeded 1.8 million. Data from the crypto aggregator website shows that 1,810,756 CoinMarketCap users have Shiba Inu on their watchlist. The CMC watchlist is a feature in the cryptocurrency aggregator platform that helps cryptocurrency traders keep track of an asset’s price action. This will help traders decide on the appropriate time to sell.

Shiba Inu users can also purchase goods from 60 million stores where Visa is accepted. Recently, John Richmond expressed his gratitude to members of the Shiba Inu community for suggesting ideas for improving the quality of his clothing line. The Shiba Inu metaverse is also evolving rapidly using Unreal Engine 5.1.

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