Despite being fairly new to the crypto industry, Shiba Inu [SHIB] seemed to be going places. Even the world’s first and largest cryptocurrency, Bitcoin [BTC] took a while to garner shelter at firms. It’s no doubt that BTC paved the way for all these assets, however, Shiba Inu did speed up the pace in garnering a spot in a Paris-based restaurant.
Shiba Inu flourished as the rival of the prominent meme coin, Dogecoin [DOGE]. However, now, the asset was seen making a mark of its own. The altcoin has been doing great both in terms of price as well as market cap. Over the previous seven days, SHIB witnessed a price surge of 50%. At the time of writing, the altcoin was trading for $0.00004225 with a 9.10% increase in the last 24-hours.
In terms of market cap, the altcoin certainly did thrive as it jumped from being the 20th largest crypto asset to the 13th largest in no time. The market cap of the altcoin was currently at $16.7 billion.
From being widely listed by cryptocurrency exchanges and garnering endorsements from crypto enthusiasts the spotlight seemed to follow Shiba Inu. The altcoin made news after it was accepted for payments in a prominent restaurant in Paris.
Shiba Inu to be accepted in Paris-based restaurant
A recent Facebook post revealed that SHIB was being accepted for payments at Paris’s Le Bistrot d’Eleonore et Maxence. The bistro situated near the popular Roman Catholic Church, St. Francis Xavier Church had stickers on its door announcing the acceptance of the cryptocurrency.
While the French bistro did seem to be quite popular among tourists and natives, the addition of SHIBA could certainly spruce up its sales and bring more popularity to the altcoin.
Additionally, Tesla’s Elon Musk not owning any SHIB did appear to impact the coin’s price for a while. But the fame of the asset didn’t budge and the price positively rose back to the top. This certainly did shock the crypto community as Musk has time and again expressed interest in meme coins.