Market Analysis, Shiba Inu Coin

Shiba Inu Top Popular Token Among ETH Whales.

According to new statistics, Shiba Inu (SHIB) is the most popular ERC-20 token among the top 1,000 Ether (ETH) whales.

SHIB accounts for 21.68 percent of the aggregate market share of $2.35 billion, according to statistics provided by WhaleStats based on the Ethereum-based token holdings of the top ETH wallets. The second most valuable asset in terms of ownership is Crypto.com’s native token, CRO, which accounts for 5.54 percent of the market capitalization at $603.9 million.

With a total market value of $26.9 billion, Shiba Inu is presently the 11th most valuable crypto asset, implying that ETH whales own around 9% of all SHIB in circulation.

The SHIB community has been working hard to get cryptocurrency trading platforms like Coinbase and Robinhood to list the asset. At the time of writing, the Change.org petition to persuade them had collected over 530,000 signatures. SHIB was added to Coinbase Pro in late September.

Fast-food behemoth McDonald’s responded to a tweet from ShibArmy1365 asking the company to take “SHIB for money, please” with a rather cold response to the concept of taking Shiba Inu for payments.

“We appreciate hearing your interest and regularly assess the payments experience,” McDonald’s responded.

Despite the fact that it was the type of non-committal boilerplate brush-off corporate PR accounts are known for, the SHIB community went into overdrive, with the post collecting over 500 retweets, 1,400 likes, and a slew of memes.

“An appropriate answer to heighten the excitement. “I’m looking forward to the future!” “Let’s Call it a McShib!” said Shib Social, while ISHIB added, “Let’s Call it a McShib!” said ISHIB.

While it’s unclear how McDonald’s will proceed, SHIB adoption has increased significantly this month across the board. CoinGate, a cryptocurrency payments company, said on November 11 that it has enabled SHIB compatibility for 500 of its merchants. On Wednesday, the Samsung-backed digital wallet ZenGo added the popular dog meme coin to its platform.

Though Recent SHIB Price Fall, Stats Stay Strong

SHIB has suffered a little knock off 8.1% during the recent crypto market decline, which began around November 11 and is currently trading at $0.00004854 USD. SHIB, on the other hand, is down 43.6% since hitting an all-time high of $0.00008616 earlier on Oct. 28.

The asset’s popularity hasn’t decreased despite the price’s decline, with the official SHIB Twitter account exceeding 2 million followers on Wednesday.

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