According to a recent report by CoinMarketCap, Shiba Inu was the third most trending coin of the week. This indicates that the Shiba Inu is attracting increased attention and attention among cryptocurrency investors. According to the CoinMarketCap report, Shiba Inu is on the trending cryptocurrencies list, just behind Pepe (PEPE) and Bitcoin (BTC).
Kaspa (KASP) on the list fourth, followed by Ethereum (ETH) in fifth. Other notable cryptocurrencies in the top 10 include SCAM (SCAM), Alien Worlds (TLM), Polygon (MATIC), Ripple (XRP) and Terra Classic (LUNC).
Additionally, the Shiba Inu took the top spot on LunarCrush’s AltRank list, outpacing 4,481 other coins in the market.
“SHIB”, which has recently emerged as a remarkable phenomenon in the crypto money world, stands out as a meme coin whose popularity is rapidly increasing. SHIB’s growing popularity is based on several different developments and is supported by a large community. These developments are among the important factors that accelerated the rise of the Shiba Inu. These developments include the introduction of Shibacals, the emergence of the Shiba Inu’s WORLD PAPER, and a partnership with Champion Apparels.
Separately, burger restaurant Welly, backed by meme coin, has announced plans to open two stores that are fully connected to the community.
You can follow the current price action here.
Source : the crypto basic