Shiba Inu (SHIB), one of the top three most-watched cryptocurrency assets, is listed by Binance as the largest cryptocurrency exchange in the world by 24-hour trading volume. The top three cryptocurrencies on Binance this year in terms of viewership are Shiba Inu, Shiba, and Ethereum, according to the list. This was announced today in a tweet from a well-known bitcoin exchange, which read:
We present to you the most watched crypto assets in #2022withBinance 🤝
— Binance (@binance) December 18, 2022
Which cryptocurrencies were you watching? pic.twitter.com/6RGXdVm59Y
The official Twitter account for Shiba Inus, @shibtoken, also commemorated the recent milestone.
Woof! SHIB becomes one of the most watched crypto assets in @binance during 2022, next to Bitcoin and Ethereum. https://t.co/88wkeM0Nuv
— Shib (@Shibtoken) December 18, 2022
Shiba Inu becoming among the most viewed cryptocurrencies on Binance in 2022 is not surprising. Shiba Inu’s low price this year has allowed cryptocurrency whales to amass large amounts of SHIB tokens. Additionally, Binance has been essential in assisting these whales move their cryptocurrency to and from the exchange. The large cryptocurrency exchange reportedly shifted a staggering 1.89T Shiba Inu tokens in a single day, according to TheCryptoBasic’s article from last week.
Shiba Inu has accomplished significant milestones so far this year, demonstrating how well-liked the cryptocurrency asset has become in just under three years. Shiba Inu has evolved from being a purely amusing meme coin to a useful cryptocurrency. Numerous companies, including as Gucci, Rooms-To-Go, Amsterdam Vintage Watches, etc., now accept the popular cryptocurrency with a dog theme as payment.
Shiba Inu is accepted by many companies, and crypto whales have adopted the token widely, so traders feel obligated to monitor the asset’s price.
The number of CoinMarketCap (CMC) users that have Shiba Inu on their watchlists has climbed past 1.8 million, according to TheCryptoBasic. Shiba Inu is being watched by 1,810,756 CoinMarketCap users, according to data from the cryptocurrency aggregator website.
The cryptocurrency aggregator platform’s CMC watchlist tool aids cryptocurrency traders in monitoring the price movement of an asset. This will aid traders in selecting the ideal selling window.
Shiba Inu users can also make purchases at any of the 60M Visa-accepting merchant locations. John Richmond recently thanked the Shiba Inu community for making suggestions to raise the caliber of its clothing line. Shiba Inu metaverse using Unreal Engine 5.1 is also growing quickly.
