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Shiba Inu Beats Polygon in the Crypto Race – Businesses Look to Integrate SHIB

As the Altcoin race continues, the SHIB Army has a lot to be proud of. Recently, Shiba Inu (SHIB) has outscored TRON (TRX) in total market capitalization to proudly claim the #13 spot on CoinGecko. Now, Shiba Inu (SHIB) has added another milestone to its honors list, as the meme coin surpassed Polygon (MATIC) in market cap.

Shiba Inu (SHIB) Overtakes Polygon

According to CoinMarketCap, The total market capitalization of Shiba Inu (SHIB) is at $5,434,588,805. Meanwhile, Polygon (MATIC) has a market capitalization of $4,264,580,784, indicating the swift growth of the dog-themed meme coin, as SHIB managed to surpass MATIC by 1.2B over a relatively short period of time.

Shiba Inu (SHIB) as a Solution for Businesses

With the adoption of the beloved dog-themed coin growing minute by minute, it comes as no surprise that an increasing number of enterprises around the world are taking note, and looking to include Shiba Inu (SHIB) as a payment option. Recognizing the opportunity, NOWPayments, a business payment solution provider, has created a gateway for firms interested in adopting SHIB.

According to the official tweet, the integration is as easy as pie. NowPayments has provided a step-by-step guide for new businesses to implement the solution on their websites, and take advantage of its automatic crypto-to-fiat conversion. Moreover, companies will be able to withdraw the payments as fiat currencies, without the need to go through a third party crypto exchange.

Largest Whales Remember SHIB

While most of the top cryptocurrencies are still in agony from the brutal crypto winter, panic sell-offs have become increasingly common. However, that hasn’t the case for Shiba Inu (SHIB), as the heavily-supported meme coin is back in the top 10 among Ethereum’s (ETH) largest whales, indicating that SHIB is valued as a long-term investment. Ultimately, the 35.6% yearly increase affirms its perceived “long run” prospects.

SHIB Army Anticipates the SHI Stablecoin

There’s been a lot of great news for the SHIB Army in recent weeks, as lead developer Shytoshi Kusama issued updates on Shibarium, and urged the community to “march on”, despite the crypto storm.

First of all, the three native tokens of the Shiba Inu Ecosystem, $SHIB, $BONE and $LEASH, were all listed by a popular European exchange, giving SHIB holders the once in a lifetime opportunity to trade between any of the tokens on a single platform.

Secondly, a fourth token called $TREAT is on the way, and is intended to be used to distribute rewards. The reward system is mostly in relation to the constant burning of SHIB, which has been heavily endorsed by SHIB’s social influencers.

Most importantly, the Shiba Inu (SHIB) community is eagerly awaiting the launch of the $SHI stablecoin, which could significantly contribute towards SHIB transcening past its meme coin era.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is a blockchain journalist and content creator, focusing on the latest tendencies of the crypto world and digging deeper into specific innovations like music NFTs, gaming NFTs and Metaverse. Vast experience in social media lets Tadas quickly spot what’s going on in the crypto industry and deliver a story with a unique spin.