With the latest price increase, the Shiba Inu (SHIB) has outstripped many large companies by market cap. It now has even more value than GameStop, which is a “meme stock”. Here are the details…
Shiba Inu outperforms big companies
The Shiba Inu (SHIB) is undoubtedly the most popular cryptocurrency in the world right now. This can be evidenced by the fact that SHIB’s current market cap is at $14.41 billion, which is much more when compared to the market cap of GameStop, one of the famous US game and entertainment retail companies. GameStop is currently valued at $11.21 billion.
Not only GameStop, Shiba Inu are now listed on the NYSE, Robinhood Markets ($10.35 billion), Zynga (10.29 billion) It’s worth more than most of the reputable companies listed on the NYSE, including Domino’s Pizza ($14.2 billion), GoDaddy ($14.1 billion), Discovery ($13.7 billion). According to data provided by CoinMarketCap, Shiba Inu (SHIB) is currently ranked as the 15th largest cryptocurrency in the world.
SHIB ecosystem expanded
As we reported on Kriptokoin.com, this dog-themed currency was launched in August 2020 by an anonymous creator named “Ryoshi”. After extraordinary gains in less than two years, a strong community has emerged and started to support the Shiba Inu ecosystem. This community is now commonly known as the “SHIB Army”. With the help of this community, SHIB is now managing to remove itself from the status of a joke and is starting to go through some serious developments in its ecosystem i.e. from real world use cases to community led burn initiatives.
Every day, new businesses adopt Shiba Inu as a payment method or exchanges are constantly adding support for SHIB to their platforms for trading or betting purposes. Shiba Inu is reportedly listed on more than 100 exchanges, including Coinbase, Crypto.com, Binance, Kucoin, Huobi Global, Kraken, and others. More than 600 businesses worldwide now accept SHIB as a payment method.
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