Shiba Inu, a meme-based cryptocurrency, was named the most popular cryptocurrency on CoinMarketCap, surpassing Bitcoin, Ether, and Dogecoin, and became the most-watched coin in 2021 on the platform.
With a market capitalization of over $20 billion, Shiba Inu is the thirteenth largest cryptocurrency in terms of evaluation.
In October this year, the SHIB token jumped more than 216 percent within a week, reaching a new all-time record of $0.000088.
Currently, each SHIB token is traded for $0.00003823.
In the post “2021 Wrap Up”, CoinMarketCap tweeted that Bitcoin, Dogecoin, Cardano, and Ethereum followed Shiba Ina on the popularity index in the second, third, fourth, and fifth positions.
The mem coin, originally created as a joke to rival Dogecoin, became the 11th largest cryptocurrency coin at market value on October 25.
Contented SHIB miners rub their hands, as Shiba Inu has seen a growth of around 800% in October of 2021.
The Shiba Inu coin isn’t mineable per se, but there is a way to mine Shiba Inu in 2021.
On December 3, Canadian online medical service provider Ask The Doctor announced that it had added $1.5 million to Shiba Inu tokens in its balance sheet, preparing to start accepting them as a payment option from its partners.
The American cinema chain AMC is also considering accepting Shiba Inu tokens as a payment option.
Earlier this year, the SHIB token also emerged as the most popular cryptocurrency on Twitter, according to research firm ICO Analytics in a recent report.
According to CoinMarketCap, Shiba Inu holds 1,090,840 wallet addresses, of which 14,645 are active addresses.
The coin is listed on 447 stock exchanges worldwide.