Shiba Inu records another major milestone amid growing popularity.
Binance, the world’s largest cryptocurrency exchange by 24 hours trading volume, has ranked Shiba Inu (SHIB) among the top three most-watched crypto assets. According to the ranking, the top three most watched cryptocurrencies on Binance this year are Bitcoin, Ethereum, and Shiba Inu. The major cryptocurrency exchange made this known in a tweet today, saying:
We present to you the most watched crypto assets in #2022withBinance 🤝
Which cryptocurrencies were you watching? pic.twitter.com/6RGXdVm59Y
— Binance (@binance) December 18, 2022
The recent milestone was also celebrated by @shibtoken, the official Shiba Inu’s Twitter handle.
“Woof! SHIB becomes one of the most watched crypto assets in @binance during 2022, next to Bitcoin and Ethereum,” @shibtoken noted.
Notably, the recent milestone further portrays Shiba Inu’s growing popularity among crypto traders.
Shiba Inu’s Growing Popularity
It is not surprising to see Shiba Inu rank among the most watched cryptocurrencies on Binance in 2022. This year, cryptocurrency whales have capitalized on Shiba Inu’s low price to scoop massive SHIB tokens. Binance has also played a pivotal role in helping these whales move the cryptocurrency to and from the exchange. Last week, TheCryptoBasic reported that the major cryptocurrency exchange moved a whopping 1.89T Shiba Inu tokens in one day.
Shiba Inu’s Popularity Soars
So far this year, Shiba Inu has recorded major feats, showcasing how popular the crypto asset has become in less than three years. Shiba Inu has transitioned from a mere meme coin to a utility cryptocurrency. Many businesses, including Gucci, Rooms-To-Go, Amsterdam Vintage Watches, etc., now accept the leading canine-themed cryptocurrency as a payment method.
With numerous businesses accepting Shiba Inu and the widespread adoption of the token by crypto whales, traders see it as a duty to keep tabs on the asset’s price.
As reported by TheCryptoBasic, the number of CoinMarketCap (CMC) users who have Shiba Inu on their watchlists recently spiked above 1.8 million. Data on the crypto aggregator website shows that 1,810,756 CoinMarketCap users have Shiba Inu on their watchlist. The CMC watchlist is a feature on the cryptocurrency aggregator platform that helps crypto traders keep track of an asset’s price movement. This will help traders decide on the appropriate time to sell.
Shiba Inu Users can also purchase goods across 60M stores where Visa is accepted. recently John Richmond expressed gratitude to members of the Shiba Inu community for suggesting ideas to improve the quality of its clothing line. Shiba Inu metaverse is also developing fast Using Unreal Engine 5.1.