Winner Announced: This Meme Coin Beats Its Rivals!

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  • The Shiba Inu (SHIB) community has overwhelmingly dominated the Dogecoin (DOGE) community in a survey conducted by CoinGecko.

CoinGecko, one of the most reliable crypto data tracking sites on the market, asked users which meme coin is the better project in a survey they organized on their official Twitter page. Two of the most popular dog-themed tokens in the survey Shiba Inu (SHIB) and Dogecoin (DOGE) was located.

Shiba Inu received the lion’s share of the vote, with 84.8 percent of the investors’ preference. Doge, on the other hand, received only 15.2 percent of the vote.

Shiba Inu keeps moving forward

The mainstream adoption of the Shiba Inu has been increasing steadily since the last months of last year. Recently, an increasing number of firms and companies are adding SHIB to their platforms as a form of payment.

For example, Cardinale Automotive Group, MotoRenn, Tag Heuer and Gafisa are among the companies that started to accept SHIB as a form of payment this month.

In addition, a new cross-distribution partnership between Lavu, a leading global provider of restaurant software and payment solutions, and Verifone, a global FinTech leader and payment solution provider, has made it possible to accept Shiba Inu as payment at thousands of restaurants in 65 countries.

Additionally, Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, pointed to a possible partnership with the most popular energy drink brand Red Bull in the near future. A possible collaboration with Red Bull is definitely expected to accelerate the popularity of SHIB.

In addition to all this, Shiba Inu announced today that it has added an experienced media specialist with 20 years of experience to its Metaverse Team.

On the other hand, Shib Metaverse, NFTs, ShibaSwap and Shibarium demonstrate the team’s commitment to their vision of enabling Shib to compete with the world’s top currencies.

SHIB continues massive token burning

More than 603 million dog-themed tokens have been taken out of circulation in the last 24 hours, according to a report by a SHIB burn-tracking platform.

A tracking platform where the amount of SHIB tokens that are actively burned by the Shiba Inu community can be tracked. shibburn According to recent tweets posted by its platform, Shiba Inu reported that in the past 24 hours, a total of 603,240,815 (603.24 million) tokens worth $7,112 have been eliminated in 69 separate transactions through multiple initiatives within the Shiba Inu fan community and transactions through the SHIB Burn Portal.

The Shiba Inu Community is taking advantage of the low prices and continues to burn staggering quantities of Shiba Inu in this bear market. The community has proven its commitment to this issue by sending a total of 22,200,398,699 (22.20B) SHIB tokens to the dead wallet in 497 separate transactions last week.

On the other hand, SHIB Burn Portal encourages SHIB Burners to burn by rewarding them with Ryoshi Vision, the token of the official partner of the Shiba Inu ecosystem.

Despite all the above improvements, the price of the Shiba Inu continued to fall. SHIB has yet to feel the results of their collaboration, and meme coin adoption has yet to be reflected in the meme coin’s price, which is far from an all-time high.

SHIB’s competitor in the survey, Dogecoin, and his team have been relatively inactive in the market lately, enjoying only the support of Elon Musk.

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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