The top six cryptocurrencies on BitPoint’s platform have recently been made public. BitPoint is a cryptocurrency exchange with headquarters in Tokyo. Shiba Inu have overtaken Cardano (ADA) and Tron (TRX) to take the top rank.
Cardano (ADA) is listed as the platform’s third most popular cryptocurrency, while Klaytn (KLAY) is second on the list. Tron (TRX), JMY, and DEAPcoin (DEP) take the fourth through sixth positions. Notably, the first major exchange in Japan to support Shiba Inu was BitPoint. SHIB was initially listed on the exchange on November 30, 2022.
As the debut of the Shibarium mainnet nears, Shiba Inu has recently made notable progress in the cryptocurrency industry. A well-known provider of financial services in Japan, SBI Group, has declared its intention to add SHIB trading to its SBI VC Trade platform.
Additionally, the popular cryptocurrency with a dog theme has been acknowledged for its potential by the Hong Kong HKVAC Rating Agency. The Hong Kong Virtual Assets Consortium (HKVAC) announced its complete virtual asset index, which covers 30 crypto assets based on market size, as previously reported by The Crypto Basic. This index included several cryptocurrencies, including XRP and Shiba Inu (SHIB).
Due to recent developments, Shiba Inu is now the most-held token among the 100 largest ETH Whales, excluding Ethereum and stablecoins.
Related Reading: Shiba Inu: Shytoshi Kusama Compares SHIB to Bitcoin
