GCrypto, the cryptocurrency platform integrated within the popular GCash app, has expanded its offerings with the addition of Shiba Inu (SHIB). This inclusion raises the number of cryptocurrencies available on the platform to twenty-five.
Table of Contents
SHIB Price to PHP
Check out our recent GCrypto articles
What is Shiba Inu
Shiba Inu (SHIB), conceived in August 2020 by an anonymous individual known as “Ryoshi,” was touted as a potential rival to Dogecoin. Boasting a staggering initial supply of one quadrillion tokens, Ryoshi’s creation has ambitions to eclipse Dogecoin’s value.
In a strategic move to gain traction, Ryoshi granted half of SHIB’s supply to Ethereum founder Vitalik Buterin. Buterin’s 2021 actions, donating a significant portion to an Indian relief fund and destroying 90% of his SHIB holdings, were pivotal moments for the coin.
August last year witnessed a surge in Shiba Inu’s value, spurred by Binance’s decision to accept SHIB as collateral and anticipation of the Shibarium launch. October 2021 marked another milestone for SHIB as it became the most discussed digital asset on X (formerly known as Twitter), according to ICO Analytics, surpassing even Ethereum and Bitcoin in online conversations.
SHIB’s Practical Applications
The Shiba Inu ecosystem utilizes SHIB as its primary token for diverse functions like purchasing and renaming Siboshi NFTs, acquiring in-game items, and securing virtual real estate in its Metaverse.
In 2022, mainstream businesses such as Gucci, Rooms To Go, Porsche Towson, Vegas Auto Gallery, Kandy Skulls Ink, and Amsterdam Vintage Watches started accepting SHIB, broadening its utility beyond digital spaces. The Manny Pacquiao Foundation has also embraced SHIB and the Shiba Inu Ecosystem, leveraging Shibarium to enhance fundraising and operational efficiency.
How to Trade SHIB on GCrypto:
- Access GCrypto through the GCash app.
- Ensure your GCrypto wallet is funded, with seamless top-ups available via GCash.
- Choose your desired cryptocurrency.
- Opt for either buying or selling.
- Enter the amount in PHP or cryptocurrency.
- Review and confirm the transaction details.
Current Cryptocurrency Selection on GCrypto:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Uniswap (UNI)
- Chainlink (LINK)
- Aave (AAVE)
- Basic Attention Token (BAT)
- The Graph Token (GRT)
- Enjin (ENJ)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Avalanche (AVAX)
- Polygon (MATIC)
- Polkadot (DOT)
- Axie Infinity Shards (AXS)
- Smooth Love Potion (SLP)
- Cardano (ADA)
- Solana (SOL)
- Binance Coin (BNB)
- Stellar (XLM)
- SushiSwap (SUSHI)
- Ripple (XRP)
- Paxos Gold (PAXG)
- Shiba Inu (SHIB)
This article is published on BitPinas: Now with 25 Crypto, GCrypto Lists Meme Coin Shiba Inu
Read More Shiba Inu articles:
- Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
- BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.