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.
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.
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.
Shiba Inu is reported to be listed on 100+ exchanges, including major ones such as Coinbase, Crypto.com, 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.
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.