Shiba Inu’s ecosystem continues to acquire enormous traction and is now a top cryptocurrency exchange Crypto.com has announced a trading competition in which participants can win up to $1,000 by making a spot trade for SHIB, GEL, or SAND worth at least $100. The best 20 traders, according to the release, have a chance to win up to $1,000.
Earlier, the Singapore-based trading platform introduced a similar competition that focused on Shiba Inu’s Governance token, Bone ShibaSwap with a total rewards pool of $5,000. The blog states that to take part in the tournament, customers must trade BONE using Spot trading for a minimum of $100. The best 20 Spot traders on BONE will each get a reward worth up to $1,000. On April 19, 2023, the campaign is expected to come to a finish.
Additionally, the exchange increased its support for BONE by adding BONE trading pairings, such as BONE/SHIB. After one of the biggest and most well-known cryptocurrency exchanges went bankrupt last year, Crypto.com hung onto the meme coin, which made up about 20% of its holdings.
Despite industry headwinds, Crypto.com has continued to grow its user base steadily – supported by increased brand visibility during the FIFA World Cup Qatar 2022 – now with more than 80 million users worldwide. At the time of writing, SHIB was down by over 5% in the last 24 hours to $0.00001098. BONE likewise fell by 6.7% at $1.
That being said, Shiba Inu is thriving thanks to its great popularity after the 14th-ranked coin became the most popular cryptocurrency in Turkey’s Google searches over the past three months.
Shiba Inu Is The Most Searched Crypto Asset In Turkey
The popular meme coin has even trounced crypto heavyweights like Ethereum [ETH], Cardano [ADA], and Solana. According to data from Google Trends, search results from Turkey citizens make up the major chunk of the market share, with a score of 100. Other nations like North Macedonia, Nigeria, and Pakistan occupy the second, third, and fourth positions respectively. Surprisingly, the US has ranked fifth in Google searches for the asset.
Although the Turkish government continues to maintain a stiff stance, SHIB has seen an increase in the adoption rate among citizens of Turkey as an alternate substitute for a store of value or a potential inflation hedge.