Altcoins

Will Shiba Inu Be Aladdin’s Genie For The Crypto Town This December?

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 9, 2021

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Article Highlights
  • Shiba Inu embarks on a mission of networking institutional adoptions and collaborations.

  • Anonymous whale bags a whooping 3.2 trillion SHIB tokens.

The supercycle from the crypto town has been ferocious for digital coins in the market. While top-tier assets continue to be in torment, meme coins grumble from the saddle. The Doge-killer entitled meme coin Shiba Inu has shed considerable gains since its ATH. Howbeit, the prominence of the meme coin has been soaring at a faster pace.

Shiba Inu has embarked on a mission of networking institutional adoptions and collaborations. The protocol has been receiving a goodly number of adoptions and collaborations. Despite the falling prices amidst the lengthening market cycle. Another major update comes as an anonymous whale bags 3.2 trillion SHIB tokens.

Shiba Inu’s Lunar Expedition!

  The meme coin has been receiving numerous adoptions and acceptance which has been overwhelming for the Shib army. Playside and Shiba Inu games sign a strategic work-for-fire contract. The initiative would result in the development of a multiplayer collectible card game, which is to be released on multiple platforms.

SHIB now makes its way into Bitstamp, which is one of the longest-standing cryptocurrency trading platforms in the world. Deposits and withdrawals for which have commenced already. Another update comes with the SHIB/USDT pair being available for spot trading on Bybit.

The Avalanche bridge that enables seamless movement of Ethereum tokens to the Avalanche mainnet now supports SHIB, which is the first one. The meme coin has also won the token battle on Travala. SHIB is now listed as a payment method on Travala to book over 3M products. In addition, an anonymous whale buys 3.2 trillion Shiba Inu tokens for $125 M.  

Shiba Inu (SHIB) Price

 SHIB price at press time is trading at $000036980. while scripting gains of 2.65%. The market cap of the meme coin is currently at $20,306,070,396. The volume of trades for around the clock is at $1,110,816,662. The Doge-killer has been trading in the frequency from $0.00003581 to $0.0000376 since the previous day. 

Collectively, SHIB has been receiving institutional interests despite the meme coin shedding over 50% in valuation since its ATH. Which edifies the faith of firms over the meme coin. The community of SHIB has been one of the strongest in the market. Hopefully, SHIB will reclaim its ATH this alt season, which could pave the way towards gulping another zero from its price tag.

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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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