BitPoint, a Tokyo-based cryptocurrency exchange, recently published its rankings of the most popular cryptocurrencies on its platform. Shiba Inu (SHIB) has overcome Cardano (ADA) and Tron (TRX) to claim the coveted number-one spot in an unexpected turn of events.
Klaytn (KLAY) took second position on the list, with Cardano (ADA) taking third place. DEAPcoin (DEP), JMY, and Tron (TRX) came in fourth, fifth, and sixth place, respectively.
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BitPoint made headlines as the first major Japanese exchange to support Shiba Inu, launching SHIB on November 30th, 2022.
Shiba Inu’s current spike in popularity in the cryptocurrency market has been spurred by the impending launch of the Shibarium mainnet. SBI Group, Japan’s major financial services conglomerate, has also announced plans to include SHIB trading on its platform, SBI VC Trade.
Furthermore, the Hong Kong Virtual Assets Consortium (HKVAC) has acknowledged this canine-themed cryptocurrency’s potential. Shiba Inu (SHIB) and XRP were among the cryptocurrencies listed in the Hong Kong HKVAC Rating Agency’s comprehensive virtual asset index, which featured 30 crypto assets based on market capitalization.
Shiba Inu has surpassed Ethereum as the most widely held token among the top 100 ETH Whales, excluding ETH and stablecoins.
Shiba Inu’s ascension to the top of BitPoint’s list of popular cryptocurrencies has stirred interest and discussion within the cryptocurrency world. As the Shibarium mainnet launch approaches, investors and enthusiasts are excited about the possibilities for the Shiba Inu ecosystem.
With SBI Group, a significant financial services conglomerate in Japan, seeking to incorporate SHIB trading on its platform, Shiba Inu’s visibility and accessibility are expected to grow even further. This action has sparked interest among cryptocurrency enthusiasts, who regard it as a key step toward Shiba Inu’s widespread adoption.
The respected Hong Kong Virtual Assets Consortium (HKVAC) and its comprehensive virtual asset index add to Shiba Inu’s growing popularity. Being included in an index among major cryptocurrencies indicates SHIB’s market presence and potential for long-term growth.
Furthermore, Shiba Inu (SHIB) has become the most favored token among the top 100 ETH Whales, demonstrating its popularity and attractiveness among high-profile investors. This achievement illustrates the trust that these key players have in Shiba Inu’s prospects.
Read Also: Shibburn Provides Alternative Means to Track Shiba Inu (SHIB) Burns as Twitter Suspends Bot
The dog-themed crypto remains an exciting and dynamic commodity as it continues to make great progress in the cryptocurrency market. The growing attention and support from major exchanges and institutions point to a positive path for its journey, inspiring hope among its community and drawing new investors eager to participate in its success.
In conclusion, Shiba Inu’s main intent BitPoint rankings, as well as developments such as the Shibarium mainnet launch and cooperation with SBI Group, have cemented Shiba Inu’s place as a significant player in the crypto field. Shiba Inu has attracted the attention of both fans and institutional investors with its unique branding and developing ecosystem, paving the way for a bright future in the world of cryptocurrencies.
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