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McDonald’s could proceed to adopt Shiba Inu (SHIB)

  • Shiba Inu has seen tremendous growth over the past few months
  • McDonald’s could adopt SHIB tokens, but is yet to be cleared how the global fast-food giant will proceed
  • WhaleStats data suggested Shiba Inu is now the largest ERC-20 based crypto token among top 1k Ethereum whales

Shiba Inu (SHIB) has seen tremendous growth being one of the biggest gain giving assets of the year. The cryptocurrency has made its investors billionaires as the coin got hyped with celebrity wordings and popularity on social media. Hence, the Dogecoin inspired token has now been considered as the DOGE killer. Indeed, the fervent community of SHIB is now on a mission to push mainstream crypto assets exchanges including Coinbase and Robinhood to list the asset. Notably, it is incredible that the fast-food giant McDonald’s is one of the popular brands that gave the idea of accepting SHIB as payments.

Shiba Inu community signs petition

On the platform of SHIB army has been signing a petition that aims to convince the mainstream exchanges to list Shiba Inu tokens. The petition has received more than 530k digital signatures at press time. It is notable that McDonald’s, as one of the popular ones, has also given the idea of accepting SHIB for payments. A Twitter user had tweeted calling on the firm to accept the tokens for payment. In reply, the fast-food giant wrote that it appreciates hearing his interest and continuously evaluates the payments experience.

SHIB being accepted for payments

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The fast-food giant did not stop the SHIB community from going into overdrive, the post received massive attention with countless memes. Some of the Twitter users noted that the appropriate response was to build hype and called it a “McShib”. However, it is yet to be cleared how the global fast-food giant will proceed, the adoption of SHIB has ramped up across the board this month.

On the other hand, CoinGate, a popular crypto payments firm also revealed that it had opened up Shiba Inu support so that 500 of its merchants can now accept the tokens as payments. Simultaneously, the Samsung-backed digital wallet provider ZenGo also announced that it is adding the beloved dog meme token to its platform.

SHIB has become the largest ERC-20 token

WhaleStats, the platform looking for Ether-based token holdings has recently shared data that suggested Shiba Inu is now the largest ERC-20 based crypto token among top 1k Ethereum whales. According to the data, the meme inspired cryptocurrency is representing 21.68% of the combined market share at over $2 billion.

Besides, one of the leading cryptocurrency data aggregator CoinMarketCap, Shiba Inu is currently the eleventh largest digital asset in terms of market capitalization. Hence, the Ether whales are seemingly holding a rough 9% of the circulating tokens.

After notable gains, the token faced pullback across the crypto market. However, SHIB has still taken a minimal hit of above 4% to trade at the price level of $0.00004203 at press time. Although the price of SHIB is declining, the overall popularity hasn’t waned  as the official Twitter account has recently achieved a new milestone crossing 2 million followers.

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