Shiba is among the top three most-watched crypto assets on Binance for 2022, along with Bitcoin and Ethereum. What’s next for the memecoin heavyweight?
Memecoin on Binance Users’ Radars
Here’s your Big Three in crypto for the year 2022: Bitcoin, Ethereum … and Shiba Inu?!
Yep, the massive popularity of the dog-based memecoin simply cannot be denied, as Shiba joined the two hegemonic blockchains as one of the three most-watched crypto assets in 2022, according to Binance.
The Shiba token is already a massive factor in the crypto ecosystem, as evidenced by the large reserves of $SHIB by Centralized Exchanges, which reflect users’ holdings.
According to CoinMarketCap data, $SHIB accounts for nearly $500 million worth of Binance’s reserves, nearly $300 million of Crypto.com’s, and more than $36 million of KuCoin’s. As a rule, the Shiba token is one of the top holdings of any major CEX, after excluding $BTC, $ETH, stablecoins, and in some instances, the native token of the exchange.
The Shiba team isn’t content with the memecoin just being a popular but passive asset, however. As BSC News has reported, the community is bracing for the impending arrival of the Shibarium layer-two blockchain, which will be the backbone of the Shiba ecosystem that will include an exchange, Metaverse, NFT GameFi, DAO, etc.
What is Shiba Inu:
Shiba Inu is an Ethereum-based altcoin with the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
Where to find Shiba Inu:
Website | Twitter | Telegram | Discord | Reddit | Instagram |
Source : bsc.news
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