Shiba Inu is widely known as one of the top cryptocurrencies in the world. In such a short time, Shiba Inu has been one of the fastest-growing and developing currencies, and within just one and half years, the coin has gained fame and has been accepted as a future king. Shiba Inu has been very lucky to be backed by millions of fans. This article will talk about Binance’s partnership with Shiba Inu and its impact on the token.
Like every other cryptocurrency, Shiba Inu has also seen a price dip due to the positive gain. Shiba Inu has not only been praised in the crypto world, but it’s a new topic of discussion on social media. With every sun rising, you will hear about new developments and achievements of Shiba Inu. The most popular topic is Shiba Inu’s rankings going upwards, especially making its place in the top 10 best cryptos in the world.
Shiba Inu jumped from 55th to 9th position in only seven days. In the beginning, traders didn’t pay much attention to its rising position, but once the prices started to surge, these traders were buying the tokens in millions. In a short time, Shiba Inu showed that it was not a joke or a meme token, but it was a token with high potential.
Shiba Inu’s latest projects are also the reason for its popularity and demand. The successful projects of Shiba Inu including, ShibaSwap, Bone, Leash, NFTs, Oshiverse game, and Metaverse has taken the token to the heights of success. The token has proved to be a trusted digital asset. “Headquarters”, a trading exchange, took a $200 million hit. The security company showed hacking attacks enormously affected Ethereum and Binance smart chains.
Peckshield was the security company that reported the $100 million loss out of all the crypto assets. Shiba Inu was the biggest victim of this attack and lost almost $893,755,205 billion. About 648.56 SHIBs were stolen during the hack. It was revealed that the hackers got away with $100 million in Ethereum and $96 million in coins on the Binance smart chain.
Predictions say that Shiba Inu investors will hit double digits very soon. This year, it is estimated that the price will remain around 0.000038, and the maximum will be around 0.000065. The developers of Shiba Inu have already started to build their own Metaverse Oshiverse. They’re also trying to get in on NFTs, and if they succeed, that will lead to high demand for SHIB tokens.
Binance coin has gained 1300% returns which shocked the world because most were expecting this from Bitcoin or Ethereum. According to the latest updates, Binance is coming to a halt, which will lead to negative returns. It could put a damper on investors’ wealth. Binance plans to launch different projects under development for the rest of the year.
They’re planning to invest millions of dollars in France for an R&D base, focusing mainly on blockchain technology. Binance is also trying to prevent money laundering from occurring. Amid their protection against the matter and partner with CERTIK, a blockchain and crypto audit firm called “Project Shield”. Well! it’s still a new security initiative.
Shiba Inu Partnership
SHIB’s success is due to its senior Dogecoin, a successful meme token. SHIB was meant to be a cheaper token, but people were more attracted to it due to its prices. Shiba Inu is partnering with Binance and also Travala. Travala is a traveling platform that operates from Australia and accepts Shiba Inu as the payment method. Users can now book 2 million hotels on Travala from all around the world. In addition, they can also book 600 airlines worldwide through Travala.
Binance backs the platform and accepts nearly 40 different crypto forms of payment. The company went to Twitter and asked people, “What token they would like to see next?” SHIB got 3.4 million votes out of 4.9 million, which was 69% of the total. Shiba continues to look for details and partnerships that will allow advancement as early as February. We may also see the token get accepted on Robinhood, but as always, Robinhood doesn’t seem to share its thoughts about listing or not listing Shiba Inu on its platform.
AMC theaters plan to allow Shiba Inu as an accepted form of payment. In addition, Newegg commerce accepted SHIB in December. The Canadian company “Ask the Doctor” is planning to add SHIB. The kings of the crypto market, Bitcoin and Ethereum, have seen a 2.4% to 5.3% increase, while Shiba Inu has seen an 11 rise over the past week even though it’s down nearly 35% in 2022. The token also lapped some gigantic sell-offs back in May.
Binance also tweeted that it added Shiba Inu to its platform. Many platforms accepting the token gave more exposure and accessibility to Shiba Inu. Binance said, “@SHIBtoken is an experiment in decentralized community building and another meme coin similar to $Doge.” SHIB is determined to beat Dogecoin.
Before Dogecoin was added to Binance SHIB got listed on crypto.com, but Shiba insisted on investors purchasing SHIB elsewhere. Not only decentralized but centralized exchanges have also listed SHIB, but they have a history of locking funds. It’s safer to trade on a decentralized exchange like Uniswap or 1-inch.
SHIB is an ERC20 token that runs on the Ethereum blockchain and uses smart technology. In the past, before Binance was in order, if you wanted to purchase SHIB you had to buy ETH, Ethereum’s native cryptocurrency, and then exchange it on Uniswap. Considering SHIB’s price, 54% of SHIB holders are in the money.
According to research, we see 87% of holders hold for one month to a year. If you want to get in on the action, it seems like a seasonal sell-off. As of September 2021, Shiba Inu has been available on Coinbase and is now accessible to many crypto traders. Even if you have no experience in trading, the user-friendly interface helps with a range of things, the only setback you can expect to experience is the high fees.
If we look at the progress, Shiba Inu tokens have skyrocketed more than 37 million percent in just over a year. Shiba has proven its life-altering gains in such a short time frame. A number follows the gains of factors that lead to things working in their favor. When there increased visibility on different fronts, Shiba Inu was a big lift throughout The new ability to flip SHIB tokens and earn income has led investors to hold on to their SHIB for a bit longer.
One of the latest milestones for Shiba occurred when the number of unique SHIB holders passed that there are nearly 25000 new holders every two weeks. So, that leads to the growing community. Suppose a more significant community can improve liquidity, and if retailers know that overpayment. SHIB Community also plays a more significant role in promoting interest on social platforms such as Twitter.
While most milestones surrounding Shiba have been plentiful, the risks that come with it are also noted due to the number of holders and statistics. The most alarming concern is the lack of edge or difference it has to stand apart. SHIBARIUM could very well help with lower transaction fees, but it won’t help the coin stand out enough, although there is no doubt that Shiba’s online popularity is the core of the operation.
Shiba has entered a partnership with PLAYSIDE, behind the works of age of darkness and Jumanji epic run. Once, it’s fully developed, it would allow Shiba developers to use it for SHABARIUM. SHIBARIUM is a project that runs on SHIB tokens in the grand scheme of things. The revenue that the Shiba Inu game pulls in will burn SHIB and LEASH coins.
This could have positive effects and pave the way for a raise in SHIB’s coin price. As for now, the only Supply burn happens when the name of a Shiboshi’s NFT is changed for $100 in SHIB coins. This project has helped burn millions of tokens which will help reduce the supply of Shiba Inu tokens.