Bitcoin and Ethereum, the two leading cryptocurrencies, have been on a steady uptrend for the past two years. However, the Shiba Inu coin is getting more attention for its recent surge. It remains to be seen whether it was just a lucky streak or whether there was more to it.
Shiba Inu (SHIB) has evolved well beyond the standards of a top performing asset. The standard comes up with figures of 2,000% or even more. However, Shiba Inu has been able to surpass this in 2021. Not even Bitcoin or Ethereum have been able to reach that peak. This huge increase in SHIB within a year is reason enough for traders and crypto enthusiasts to compare Shiba Inu to Bitcoin and Ethereum.
Despite the critics and naysayers, SHIB was able to exceed the expectations of many. What makes SHIB more resilient than ever in 2021 is that the project has felt like it’s been working twice as hard to increase its visibility in the target market.
Shiba Inu is also considered the most searched cryptocurrency of the past year. SHIB has significantly overtaken Bitcoin in terms of popularity and market value. SHIB has made big profits in the last two years. The coin has been able to increase its market liquidity and capitalization. In fact, the SHIB community has quickly grown to more than 1 million owners.
The interest in the Shiba Inu Coin is not necessarily “only” among small investors. Because as we can read on Whalestats, a whale bought in with an amount in the millions. For $11,510,207 in Ethereum, the SHIB whale acquired around 276,592,553,073 SHIB tokens. The whale’s Shiba Inu total worth is $13,448,334 in SHIB.
The meme coin is currently overtaking Terra and Uniswap by market cap. However the really big fields of application were missing so far, but Shiba Inu now shines with a possible use as a means of payment. Because Candoli Propiedades, an Argentine real estate agency recently integrated the Shiba Inu coin into their payment system. Customers can now use the dog token SHIB as a means of payment for buying or renting real estate. Aside of that, Shiba Inu now also has its own fast food chain.