Shiba Inu [SHIB] surpasses Polygon in crypto rankings

Sahana Kiran
Shiba Inu
Source – Unsplash

Shiba Inu [SHIB] is undoubtedly one of the most popular cryptocurrencies in the market. Despite its dainty value, the altcoin continues to garner the attention of the entire globe. The multitude of listings the altcoin has bagged over the last couple of months is truly a spectacle. The increased demand for the asset has certainly pumped up the price as well as the coin’s market cap allowing it to overthrow other prominent assets.

2021 will go down in history as the year of meme coins. An array of meme coins made a debut during the year. While some made it big, a few others turned out to be scammy projects. Dogecoin [DOGE], the OG meme coin was definitely side-lined. Shiba Inu had briefly surpassed DOGE in terms of market cap.

Now, the meme coin was attacking another popular altcoin as it stole its place to become the 13th largest cryptocurrency. Earlier today, Shiba Inu and Polygon [MATIC] were seen battling it out for the 13th spot. SHIB emerged as a clear winner. At the time of writing, SHIB’s market cap was at $17.39 billion and MATC’s was at $17.35 billion.

Even though there isn’t a huge disparity among the two, the SHIB Army was seen celebrating this win.

Shiba Inu
Source – CoinMarketCap

Additionally, the market cap of Dogecoin was at $22.75 billion. This further made room for speculation of Shiba Inu surpassing DOGE once again.

All the listings on popular exchanges seemed to be paying off. Just yesterday, Mexico’s largest cryptocurrency exchange, Bitso, listed SHIB. Throughout the week, an array of Indian exchanges including, Giottus as well as Koinbazar boarded the cryptocurrency.

Get a haircut with Shiba Inu?

A SHIB centric Twitter account, @ShibaHispano revealed that a barber in Barcelona would be accepting Shiba Inu for payments. In a recent tweet, it was noted that Arne Barbershop, which has been open since 1998, would be embracing the meme coin. While no official confirmation was given by the shop, the SHIB army expressed utmost excitement.

Additionally, the price of the meme coin was soaring while all the other coins took a backseat. During the time of writing, SHIB was trading for $0.00003189 with a whopping 10.69% surge in the last 24-hours. This upward trajectory was suspected to be in light of the Robinhood listing Shiba Inu news.