Rancakmedia.com – The launch of Shiba Inu the most popular crypto coin recently took the Twitter world by storm in October 2021. Shiba Inu, the meme-inspired cryptocurrency has been a significant subject for the past few weeks.
In October, this coin was the most talked about in the cryptosphere on Twitter. In particular, this decentralized digital money, experienced tremendous growth in the previous month.
Shiba Inu mentioned more than Ethereum (ETH), which comes in second, and Bitcoin (BTC), which comes in third. In an even more surprising development, the digital currency is four times more popular on social media sites than its competitor Dogecoin (DOGE), which has only 4.8 percent.
According to ICO Analytics statistics as of November 6, 2021, Shiba Inu, on the other hand, have 22% conversations on Twitter. This list was created of the top 20 most talked about cryptocurrencies on Twitter in October 2021.
The top 150 digital currencies, as defined by market capitalization, lists the proportion of time each currency has been in existence. Elsewhere, AMC Entertainment is looking into mechanisms to place Shiba Inu on its list of cryptocurrencies required for payment in its theaters.
The top brass of the company have worked hard to devise the programming for dealing with digital currency and they will involve SHIB as a transaction in the future. It is predicted that the film chain will start accepting cryptocurrency payments for tickets and drinks in the following months, including Bitcoin, Dogecoin, Ethereum, as well as Litecoin.
In addition, customers can easily buy gifts with Dogecoin using the BitPay wallet. At AMC's third quarter summary on November 8, management revealed that they are considering adding the Shiba Inu.
The CEO of Dogecoin took to Twitter in late October to ask whether AMC should do the same as DOGE's self-proclaimed challenger to the Shiba Inu after bringing Dogecoin to the platform as a form of request from fans.
The number of SHIB holders has been steadily increasing, with the number of SHIB holders increasing by more than 30 percent in a month. From October 10 to November 8, 2021 the number of Shiba Inu carriers increased by 31.1 percent, from 706,808 to 926,684. The value of SHIB has increased by at least 111 percent in the same period.
SHIB holders have increased in number as the popularity of the coin has grown. In other words, it has resulted in its value surging in recent months and attracted the interest of class investors. Investors often rush into the market when crypto asset values go up because they don't want to miss out on big opportunities.