Shiba Inu Gains Down Under Delight as Bitcoin.com.au Embraces Meme Coin

Bitcoin.com.au, an Australian cryptocurrency exchange with 300,000 customers, has listed Shiba Inu (SHIB), the second most popular meme coin. This follows CoinJar's addition of SHIB in December 2021, reflecting the coin's popularity in Australia.

Shiba Inu: An Australian Delight?

As of Monday, Bitcoin.com.au, a venerable Australian crypto exchange, has joined the Shiba Inu (SHIB) bandwagon. With a loyal following of 300,000 customers, Bitcoin.com.au has been a cornerstone of the Australian crypto landscape since 2014.

Not the Lone Wolf

But Bitcoin.com.au is hardly a pioneer in embracing SHIB. In December 2021, CoinJar, Australia's longest-running crypto exchange, extended its support to the meme coin.

A Down Under Darling

A survey conducted during the previous bull market revealed that SHIB enjoyed a surprisingly high level of popularity in Australia, even surpassing established coins like XRP and Cardano.

Where's the Value?

Currently, SHIB is trading at $0.00002962 on major exchanges, according to CoinGecko. This raises the question: Is the meme coin's appeal primarily driven by its low price or does it offer intrinsic value?

A Meme or a Movement?

While SHIB may have started as a joke, its inclusion on reputable exchanges suggests it has gained legitimacy. But is it simply a fleeting fad or does it have the potential to become a serious investment?

The Road Ahead

Only time will tell if SHIB can maintain its momentum or fade into obscurity. However, its listing on Bitcoin.com.au is a testament to the growing acceptance of meme coins in the Australian market.