Dog-theme Cryptocurrency Shiba Inu Gain the Bigger Market Cap

  • 2021-12-07

A few years ago, the crypto business was ignored by most of the corporate establishment. They had shrugged off cryptocurrencies and disregarded the ground-breaking blockchain innovation,
and this innovation enabled them to exist. Some have even got into the idea that cryptos are a bogus enterprise. While saying it aims at enticing the naïve in society to buy in a commodity with no fundamental worth. Most saw it as a clever tech-based Ponzi scheme doomed to collapse.

Nonetheless, the tune has flipped today. At the same time, more than 8 million civilian investors benefit from crypto investment services. These services include CoinSwitch Kuber, and more
corporations worldwide are adopting cryptocurrency. They are racing to get a piece of this $1.5 trillion business by integrating their activities with the crypto sector and developing platforms.
This will allow them to access this ever-expanding digital economy. The demands to adopt cryptocurrencies are becoming determined.

Share that Every Crypto Trader is Attentively Watching on Every Cryptocurrency.

Margex is the cryptocurrency exchange to watch out for. Several investors are keeping a closer eye on other sectors of the market. Cryptos, especially, have been performing well recently. For example, Bitcoin (CRYPTO: BTC) paved the way upward and reached record highs of above $60,000. This is excellent news for many crypto stocks whose economic models depend on a robust crypto market—Margex is witnessing the most recent beneficial impact globally.

With the cryptocurrency exchanges giant now seeing some more enthusiasm rebound to the Bitcoin markets, Margex has risen to its highest levels. Most are expecting that it can improve on its current success. The most recent spike for Margex is fuelled by its two factor authentication and provides you with access to worldwide trading assets.

Trading with Margex is beneficial and depositing funds to trade is simple as it has various payment methods. This platform allows you to use PayPal, wire transfer, credit or debit card, etc.

Although it is a new trading platform it uses the best security features such as use of cold wallets, prevention from fraud and price manipulation, and the blockchain technology. Therefore, whether you are a beginner or an expert Margex is the platform to use while trading cryptocurrency.

What About Shiba Inu.

Shiba Inu is currently the world's seventh-largest crypto, with a market worth of $51.4 billion. This raises the meme coin's value above Dogecoin and XRP, Polkadot, and USD Coin. In the
previous week, crypto has increased by more than 77 per cent.

The cryptocurrency market is red, with all ten leading participants losing value due to profit-taking except Shiba Inu. The meme coin has soared around 77.5 percent in the previous week to
become the market's 7th largest crypto.

More significantly, it has surpassed Dogecoin as the most valued meme coin in the market. Shiba Inu is more valued than its principal rival, Dogecoin, yet USD Coin, Polkadot, and XRP. Shiba
Inu will surpass even Solana with another $5 billion increase.

The Shiba token has reached a record of around $0.00008748 a couple of times in the previous two weeks. The meme coin's present market capitalization of $51.6 billion is roughly quadruple
what this was around a week ago. Smart money' addresses are spearheading Shiba Inu's surge. CoinDesk is a crypto trader who has made more than $100,000 by supplying and mining liquidity in decentralized finance (Defi) protocols. As per the statistics from blockchain analysis group Nansen. These digital wallets have purchased around $160 million worth of the coin since the onset of last week.

Is There a Future for Cryptocurrency?

Although much remains to be discovered about this emerging technology, crypto has become a global phenomenon in later years. There are several issues and anxieties about the technology
and its potential to disrupt existing banking systems. The future of cryptocurrency is very much in doubt. But its proponents see boundless possibilities, while others see only peril.