Shiba Inu’s popularity expected to grow further in 2022

Bitcoin may top the crypto market in value, but Shiba Inu overtook it last year in terms of popularity. In the new year also, investors’ preference for Shiba Inu is expected to continue. Retail chains and movie theaters in some countries have also announced to accept it as payment. This can also increase the value of this mime coin.

2021 has been very special for Shiba Inu, as it is the first year since the inception of this crypto coin, when this coin has achieved immense fame in terms of value. Its popularity is evidenced by the fact that Shiba Inu topped the list of the most popular cryptos of 2021 by global market tracker CoinMarketCap.

This mime coin has made the world’s most popular and oldest cryptocurrency Bitcoin (Bitcoin), the second largest crypto coin has overtaken Ether and the most popular meme currency Dogecoin. With a market capitalization of more than $20 billion (approximately Rs 1,50,120 crore), SHIB The valuation has also increased significantly. In October this year, the SHIB token rose by over 216 percent within a week and reached its all-time high at that time trading at $0.000088 (approximately Rs.0.0066). Each SHIB token was worth $0.000034 at the time of publication of this report.

CoinMarketCap has reported that Shiba Inu After Bitcoin, Cardano and Ethereum have ranked second, third, fourth and fifth respectively on the popularity index.

This token was started as a joke. It emerged as the 11th largest cryptocurrency coin by market value on 25 October.

On December 3, Canadian online medical service provider Ask The Doctor announced that it had added $1.5 million worth of Shiba Inu tokens to its balance sheet. Apart from this, it was also told that the company is planning to accept SHIB as payment.

American movie theater chain AMC is also considering taking Shiba Inu tokens as a payment option.