The second largest meme coin, Shiba Inu, has gained more traction recently. Though its launch was inspired by Dogecoin (DOGE), Shiba Inu has gradually risen with more functionalities for users. SHIB is attracting more attention from different sectors globally with its operations and performance.

In a new development, Shiba Inu is moving into the Portuguese market. An NFT marketplace Tokapi has announced adopting SHIB for exclusive NFT transactions through BitPay.

Tokapi Integrated SHIB As A Payment Option

Portugal-based NFT marketplace, Tokapi, is partnering with one of the prominent crypto payment processors, BitPay. The NFT marketplace has included Shiba Inu (SHIB) among the popular crypto payment options besides Bitcoin (BTC) and Ethereum (ETH). This means that customers on the Tokapi platform can purchase NFTs with SHIB through BitPay services. 

Related Reading: ChatGPT Can Now Browse The Internet – What This Means For Crypto

The collaboration with BitPay aligns with Tokapi’s plans to expand cryptocurrency payment options. Also, it provides NFT collectors and enthusiasts with more flexible options for purchasing NFTs. With this newest addition, Tokapi now has sixteen crypto assets as payment options on its platform. 

Tokapi is an NFT marketplace headquartered in Lisbon, Portugal. It offers a user-friendly platform to buy and sell digital collectibles. The marketplace covers music, digital art, clothing, and real estate.

Additionally, the NFT marketplace announced the availability of SeerLight’s exclusive NFT edition by Ronald Kuang, the famous LA-based Illustrator and Animator. Tokapi stated that customers could only purchase the NFT collection exclusively using Ethereum (ETH).

Also, Kuang’s two other popular NFT editions, Mirage and Hunters in the Snow, are available on Tokapi platform. Mirage was inspired by the prominent KHM’s architecture, while Pieter Bruegel’s original work inspired the latter.

SHIB Price Action

Shiba Inu is one of the crypto tokens with increasing growth recently. Launched in 2020, Shiba Inu ranks as the second-largest meme coin after DOGE. 

At the time of press, SHIB is trading at $0.00001065 after plummeting by 1.36% over the past 24 hours. According to data from CoinMarketCap, Shiba Inu boasts a market cap of $6.25 billion, ranking as the 14 top crypto asset. Also, SHIB has a 24-hour trading volume of over $205 million, showing a drop of 34.93%. Its market dominance is 0.54%.

The price of SHIB dropped over the past seven days and 30 days by 1.33% and 16.56%, respectively. However, SHIB surged by 23.87% over the past 90 days.

Also, Shiba Inu has witnessed a spike in social activity. According to the report from Lunar Crash, SHIB’s social activity reached a three-month high of 47,880. Currently, SHIB is ranked as the 4th top crypto by Twitter following, with about 3.6 million followers on the official page.

Featured image from Pexels and chart from Tradingview.com