The SHIB Army is poised to expand its ranks as a prominent Australian exchange, Bitcoin.com.au, has added Shiba Inu to its list of cryptocurrencies. In addition to this exciting development, the platform has announced a $100 giveaway for participants who complete a simple task. This means that more Australians will now have the opportunity to include SHIB in their digital asset portfolios.
Bitcoin.com.au, with its impressive user base of over 300,000 and a decade of experience in the digital asset market, offers a wide range of over 20 cryptocurrencies, including popular options like BTC, ETH, USDT, XRP, and ADA. SHIB will be the second dog-themed memecoin to be offered by the Australian exchange, with the leading memecoin, DOGE, already available on the platform.
It’s worth noting that Bitcoin.com.au is not the first Australian crypto exchange to feature the Shiba Inu token. Another local exchange, CoinJar, already offers SHIB to its users.
Despite its origins as a meme, the dog-themed cryptocurrency has captivated users from around the world. Last year, Coinfomania reported that BitTrade, a Japanese exchange, had added both Shiba Inu and its competitor memecoin, Dogecoin, to its listing.
In addition to the growing interest from investors, the developer team behind SHIB has introduced several utilities to foster engagement with the memecoin. One notable example is the introduction of Shibarium, an Ethereum layer-2 solution. The project has also explored opportunities in the stablecoin and play-to-earn markets, among others.
As the memecoin market as a whole experiences exponential growth, SHIB has also seen significant upward trends. Earlier this month, SHIB climbed from being among the top 20 cryptocurrencies by market cap to the top 11, surpassing Polygon, Chainlink, Tron, Polkadot, and Avalanche in the process. Shiba Inu also came very close to surpassing its rival dog-themed memecoin project, Dogecoin.
Currently, SHIB holds the position of the 13th largest cryptocurrency by market cap. Its trading price stands at $0.00002917, reflecting a 4.7% increase in the last 24 hours.
Tags: Memecoins, Shiba Inu (SHIB)
