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Is The Canine Coin Shiba Inu Any Different Since The Previous Year?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Dec 13, 2021

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Highlights

    Dogekiller Shiba Inu pounces on numerous adoptions and acceptance, increasing its pawprints in the retail sector.

    Shiba Inu climbs the pride rock, as the protocol sets a benchmark for fellow meme coins.

The Doge-killer continues to stay true to its name. With the network sprawling in the number of partnerships, adoptions, and the protocol’s growing utility. Shiba Inu has been agile in running through the weave poles that have been thrown on its way. The dog-based coin has been proving time and gain, how far the coin has come from being a meme coin.

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The everlasting supercycle has not deterred Shiba Inu from garnering the interests of institutions. The protocol has been meritorious amongst fellow meme-based coins and several prominent ones. With the numbers of adoptions, and partnerships the network has been receiving.

Shiba Inu’s Ferocious Growl On The Pride Rock?

The canine-based coin has come a long way since its inception. From being regarded as a meme-based coin, to its growing protocol, adoptions, and not to miss out on the Shib army. Flexa now supports SHIB, which is the fastest, most fraud-proof payment network in the world. SHIB can be now used as a form of payment anywhere Flexa is accepted. 

Successively, including over 40,000 stores across the United States. The users of Flexa’s SPEDN application will now be able to pay with SHIB across the network of merchants. Such as Lowe’s, Nordstrom, Game stop, Petco, Bed Bath and Beyond, Ulta Beauty, amongst other major retailers. Earlier in May Flexa had also added support to DOGE. The spike in adoptions is in addition to the ones previously reported by CoinPedia, a couple of days ago.

According to sources, SHIB is the topmost mentioned crypto hashtag in the past 24-hours. SHIB also tops the list of top meme coins by social activity. With the social volume at 44.79k, and the engagement at 44.89 M, as of the 11th of December. 

Is SHIB Price Stagnant? 

SHIB at the time of press is trading at $0.00003523 while recording decent gains of 3.1%. The market cap of the Doge-killer is currently hovering at about $19,351,503,024. The volume of trades for around the clock are at $1,421,119,073. SHIB has been trading in the price bandwidth from the lows of $0.00003401 to the highs of $0.00003753. The price of SHIB is up by about 59584742.3% since last year, which are startling numbers.

Collectively, we can expect SHIB to host yet another magnificent run, considering the number of growing adoptions the crypto platform has been receiving. The makers are also working on numerous aspects like the gaming sector, metaverse, Shibarium, to name a few. Which together hold the potential to take SHIB to greater highs of the stratosphere. 

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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