This Meme Coin Wins BitPay Contest!

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  • The “Bitcoin Brackets” tournament organized by Bitpay, a leading cryptocurrency payment processor, to find out which cryptocurrency is “about to explode” shiba Inu (SHIB) won.

BitPay, the world’s leading blockchain technology payment partner, held a ‘Brackets Championship’ on its Twitter accounts yesterday. Competition, Binance Coin (BNB), Cardano (ADA), Left (LEFT), Polkadot (DOT), Dogecoin (DOGE) It consisted of four rounds for a total of 16 tokens, including a number of other altcoins.

The cryptocurrency community had to choose their favorite cryptocurrency from a certain pair by voting with the help of a certain form at each stage of the tournament. In the first three rounds, the Shiba Inu; Terra managed to gain the upper hand against Solana and then Cardano.

BitPay ignited the day-long battle between Shiba Inu and Polygon in a tweet it shared yesterday:

“Today is the last match on BitPay Brackets. Who will win the championship match – Polygon or Shiba Inu coin? Vote now!”

Source: bitpay.com

The final took place between Shiba Inu and Polygon, and the company asked investors to vote between the two altcoins. The votes were massively in favor of SHIB and memecoin scored a massive victory over Polygon.

BitPay announced the victory of the Shiba Inu in a tweet they published today and described the token as a “champion”.

“A Champion has been crowned! With a decisive victory in each round, Shiba Inu Coin (SHIB) is the winner of the 2022 BitPay Brackets! #SHIBArmy took action and voted in droves. Congratulations #SHIBCoin and #SHIBArmy – this meme token is no joke!”

The Shiba army is known to be one of the loudest communities in the crypto world, from encouraging top companies to accept SHIB as payment to submitting their requests to top exchanges to get the token listed, they are very persistent and have never had a problem getting their voices heard on social media.

Even the community RobinhoodHe was so insistent that Robinhood list the Shiba Inu that Robinhood’s senior executives were unable to avoid answering questions about the SHIB listing in any of the interviews they attended.

The community believes that the leading exchange will sooner or later list the token this year, allowing its 24 million customers to trade SHIB. However, Robinhood has not yet confirmed the listing of the Shiba Inu and has not made a clear statement on the subject.

The Future of the Shiba Inu

Shiba Inu, upcoming enhancements ‘SHIB: The Metaverse’is preparing for its release. The team hasn’t announced an exact release date, but it’s expected to launch later this year. Apart from Metaverse, the other most anticipated development in the ecosystem is Shibarium.

shibariumis a layer-2 network that operates as its own blockchain and avoids Ethereum’s exorbitant gas fees. The launch of the project is expected to attract a new wave of investors to the platform, as the developers aim to significantly reduce gas fees.

While no release date has been announced for Shibarium, the project is expected to launch this year. Moreover, this development is scaling the price of the SHIB and making it a ‘1 Cent Dream (1 cent dream)’ has the potential to get it right.

At the time of writing, the Shiba Inu is trading at $0.00002742, up 5.3 percent in the last 24 hours. The token has seen a massive increase of around 65 percent in the last 365 trading days, allowing early investors to make very solid profits.

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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