bsc.news
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.
Woof! SHIB becomes one of the most watched crypto assets in @binance during 2022, next to Bitcoin and Ethereum. https://t.co/88wkeM0Nuv
— Shib (@Shibtoken) December 18, 2022
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 |