Saturday, August 13, 2022
Home Crypto News Market Shiba Inu Gaining Momentum As Shib Market Cap Is Now More Than...

Shiba Inu Gaining Momentum As Shib Market Cap Is Now More Than GameStop, Domino’s Pizza, And GoDaddy

- Advertisement -

Shiba Inu (SHIB) Market Cap is Now More Than Texas Based Games and Entertainment Company GameStop (GME), and It’s Not a Joke.

Shiba Inu (SHIB), the most popular dog-themed cryptocurrency market worth, is now way more than Texas-based games and entertainment company GameStop (GME).

Shiba Inu (SHIB) is undoubtedly the most popular cryptocurrency in the world right now. This can be proved from one of the facts that the current market cap of SHIB stands at $14,411,622,474 (14.41B) and this is way more compared to the market capitalization of one of the famous US games and entertainment retail companies, GameStop, which at the moment is standing at $11.21B.

shiba inu marketcap

gamestop marketcap

Not only GameStop but Shiba Inu is now more valuable than most of the reputable companies trading on NYSE, including Robinhood Markets ($10.35B), Zynga (10.29B), Domino’s Pizza ($14.2B), GoDaddy ($14.1B), Discovery ($13.7B), News Corporation ($13.3B) among many others.

robinhood marketcap

dominio pizza

As per data provided by CoinMarketCap, Shiba Inu (SHIB) is currently ranked as the 15th biggest cryptocurrency in the world. The same dog-themed currency was brought into life by an anonymous creator named “Ryoshi” in August 2020.

In its early stages, SHIB was recognized as a joke by 99% of the people. But as time passed, SHIB proved those 99% people wrong and emerged as one of the successful experiments in decentralization as it showed jaw-dropping 46 million percent gains in 2021.

Following these extraordinary gains in less than a year, one strong community came into existence and started backing the Shiba Inu ecosystem. This community is now widely known as the “SHIB Army.”

With the help of this Army, SHIB now manages to get itself out of joke status and begins to undergo some severe developments in its ecosystem, i.e., from real-world use cases to community-led burning initiatives.

Every day, new businesses are adopting Shiba Inu as a payment method or the exchanges continuously adding support for SHIB on their platform for trading or staking purposes.

Shiba Inu is reported to be listed on 100+ exchanges, including major ones such as Coinbase,, Binance, Kucoin, Huobi Global, Kraken, and many others. More than 600 businesses worldwide are now accepting SHIB as a form of payment method.

Because of the dedicated community, Shiba Inu (SHIB) also manages to step into some real-life product lines like it has made the deep-rooted partnership with Welly’s, which turns out to be the first-ever SHIB-themed restaurant currently based in Italy. Later, SHIB entered the fashion industry by partnering with famous clothing brand John Richmond. John Richmond is an English fashion designer based in Italy.

Shiba Inu is also reported to be working on its first multiple card collectible game with PlaySide Studios, an Australian company under the supervision of William David Volk, former VP at Activision.

Besides all this, SHIB is also working on its metaverse (Codename: Shiberse) and has plans to bring its blockchain named “Shibarium” in the near future, aiming to diminish the gas fees issue. Higher gas fees believe to be one of the biggest hindrances in crypto adoption right now, and the community might see SHIB’s official stable cryptocurrency, “SHI,” coming soon, which is reported to be pegged at $0.01, unlike other stable coins.

All the above facts are some food for thought for those who still take Shiba Inu (SHIB) as a joke and no more than a meme coin.

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

IOG Says “Getting Things Right” Is The Priority After Cardano Investor Asked When Vasil Will Launch

  IOG has responded to ADA investors who are eager to know the exact date for the launch of the Vasil hard fork.  Input Output Global...

The Deputy Minister Of Digital Transformation Says Ukraine Should Launch A CBDC

Alex Bornyakov is in support of a digital hryvnia. In a four-tweet thread on Friday, Ukraine's Deputy Minister Of Digital Transformation, Alex Bornyakov, argues that...

Shiba Inu Lead Developer Gets A Harsh Response From “Can You Pet The Dog”

  "Can You Pet The Dog" Shuns Shiba Inu Game, Shiba Eternity As It Wants Nothing To Do With Crypto Projects. ...

Shiba Inu And BONE Becomes Top Trending Coins in Asia, USA, and Canada

Shiba Inu and Bone are trending worldwide. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

NOWNodes Adds Support for Shiba Inu Burn Portal Reward Token Ryoshi Vision (RYOSHI)

  The listing of RYOSHI will enable developers to build on Ryoshi Vision via NOWNode's platform. window.coinzilla_display =...

71,225 XRP Holders Now Stand With Ripple Against SEC, Deaton Says All XRP Investors Are Leaders Of XRPArmy

  The Amici attorney has commended XRP investors for their collaboration toward Ripple’s legal battle against the SEC.  ...

One Year After Burning Mechanism Launched, 2.5 Million Ethereum Worth $5B Burnt, Is ETH Becoming Deflationary?

  About 2.1% of Ethereum's circulating supply has been burned since the London hard fork. window.coinzilla_display = window.coinzilla_display...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.