Tokyo-based cryptocurrency exchange BitPoint has revealed its latest rankings of the most popular cryptocurrencies on its platform, and Shiba Inu (SHIB) has taken the crypto world by surprise by claiming the number-one spot. In a surprising turn of events, Shiba Inu has surpassed Cardano (ADA) and Tron (TRX) to become the most sought-after cryptocurrency on BitPoint.
Taking second place on the list is Klaytn (KLAY), followed by Cardano (ADA) in third place. DEAPcoin (DEP), JMY, and Tron (TRX) secured the fourth, fifth, and sixth positions, respectively.
Shiba Inu’s rise to the top of BitPoint’s rankings can be attributed to several significant developments in the cryptocurrency market. One of the key factors driving its popularity is the impending launch of the Shibarium mainnet. This major milestone has generated substantial excitement and anticipation within the crypto community.
Adding to Shiba Inu’s momentum, SBI Group, a prominent financial services conglomerate in Japan, has announced plans to introduce SHIB trading on its platform, SBI VC Trade. This move by SBI Group has further boosted Shiba Inu’s visibility and accessibility, attracting even more interest from investors and enthusiasts.
Additionally, Shiba Inu’s potential has been acknowledged by the Hong Kong Virtual Assets Consortium (HKVAC). SHIB, along with XRP, was included in the HKVAC Rating Agency’s comprehensive virtual asset index, which features 30 cryptocurrencies based on their market capitalization. Being listed among major cryptocurrencies in this index highlights Shiba Inu’s market presence and long-term growth prospects.
In another noteworthy achievement, Shiba Inu has surpassed Ethereum as the most widely held token among the top 100 ETH Whales, excluding ETH and stablecoins. This accomplishment demonstrates the growing popularity and appeal of Shiba Inu among influential investors, who see great potential in the project.
The rise of Shiba Inu to the top of BitPoint’s rankings and its various developments have sparked excitement and discussion within the cryptocurrency community. The upcoming Shibarium mainnet launch, combined with SBI Group’s support and recognition from the HKVAC, has positioned Shiba Inu as a significant player in the crypto industry. These developments have not only solidified its place among fans but have also attracted institutional investors who believe in its unique branding and expanding ecosystem.
As Shiba Inu continues to make strides in the cryptocurrency market, its growing attention and support from major exchanges and institutions pave the way for a promising future. The project’s dedicated community and the influx of new investors eager to participate in its success further contribute to its dynamic and exciting nature.
In conclusion, Shiba Inu’s remarkable achievement in BitPoint’s rankings, coupled with significant developments such as the Shibarium mainnet launch and collaboration with SBI Group, have solidified its position as a key player in the crypto space. With its unique branding and ongoing ecosystem development, Shiba Inu is poised for a bright future in the world of cryptocurrencies, attracting attention from both enthusiasts and institutional investors alike.