Bitstamp Spotlights Shiba Inu, Suggesting That SHIB Is a Star Coin

Leading crypto exchange Bitstamp provides an overview of Shiba Inu, suggesting that SHIB is a star coin.

Crypto exchange Bitstamp recently highlighted the transformative journey of Shiba Inu (SHIB) from a memecoin to a token with growing utility. In a recent X post, the exchange placed Shiba Inu between two bright stars, leading some to speculate that Bitstamp might be referring to SHIB as a star coin.

The overview provided by Bitstamp also highlighted Shiba Inu’s entry into the decentralized finance (DeFi) and non-fungible token (NFT) sectors.

One of the cryptocurrency’s utility projects, Shiba Inu’s new game, Shiboshi Rush, was mentioned by Bitstamp. Recall that PlayWithShib, the cryptocurrency's gaming division, recently unveiled Shiboshi Rush.

The action-adventure game has players battling and eliminating the evil Shadowcats. Bitstamp stated that the release of Shiboshi Rush expands the Shiba Inu ecosystem by incorporating both blockchain and NFT elements.

It is important to note that Bitstamp’s post is part of the exchange’s efforts to promote the widespread adoption of Shiba Inu. The exchange portrays Shiba Inu as a star coin that has transformed from a memecoin to a token with growing utility, highlighting Shiboshi Rush as a project that further expands the cryptocurrency ecosystem.

Shiba Inu has shown to be a promising crypto project. Many crypto stakeholders initially dismissed Shiba Inu as just another memecoin experiment after its launch, but SHIB surprised the industry with its remarkable success.

Shiba Inu surged by over 150 million percent in over a year after its launch, hitting an all-time high of $0.00008845 on October 28, 2021. Ever since, Shiba Inu has grown from a token to an ecosystem, with enormous projects like a Layer-2 blockchain (Shibarium), NFTs (Shiboshi, games (Shiba Eternity and Shiboshi Rush), and Shib Name Service, among others.

In the meantime, the price of Shiba Inu has rebounded after plunging below $0.000016 earlier this week amid rising geopolitical tension in the Middle East. Currently, Shiba Inu is trading above $0.000017, with a token priced at $0.00001760, reflecting a 7.26% surge in the past 24 hours.

The above is the detailed content of Bitstamp Spotlights Shiba Inu, Suggesting That SHIB Is a Star Coin. For more information, please follow other related articles on the PHP Chinese website!