$SHIB News: Gold Purchases, Shibarium Success, and Popularity in India

Last Updated: 24 April 2023

BitPay, a leading crypto payment processor, has expanded its cryptocurrency offerings to include the purchase of precious metals such as gold, silver, platinum, and palladium. Customers can now use cryptocurrencies, including $SHIB, to buy gold from dealers like APMEX, Bullion Exchanges, and JM Bullion. The move is part of BitPay’s effort to broaden the use of cryptocurrencies beyond speculation and store of value.

Shibarium Beta Network Achieves Impressive Results

Shibarium, the layer-2 network solution for the Shiba Inu ecosystem, has achieved significant milestones during its beta-testing phase. Puppynet, the beta version of Shibarium, has surpassed 14 million wallets just four weeks after its relaunch with an updated Chain ID. Data from BlockScout, the designated block explorer for Puppynet, reveals that the Shibarium beta network has processed 4,618,856 transactions and 497,068 blocks, indicating substantial testing being conducted. These developments bode well for the potential launch of Shibarium.

$SHIB Popularity Continues in India

According to CoinSwitch, one of India’s preferred cryptocurrency trading apps, $SHIB was the most traded asset from April 15 to 20, 2023. The surge in trading volume highlights the growing interest in $SHIB among Indian investors, making it a popular investment choice alongside $BTC, $DOGE, $LRC, and $ETH, which were also among the top five traded assets on the platform during the same period.


The recent developments in the Shiba Inu ecosystem, including BitPay’s gold purchases with $SHIB, Shibarium’s impressive results, and the cryptocurrency’s growing popularity in India, demonstrate the significant progress being made by the community. These milestones suggest that the Shiba Inu ecosystem continues to evolve and expand, providing users with more opportunities to engage with the network and its assets.

Investors looking to capitalize on the recent developments in the Shiba Inu ecosystem may consider trading $SHIB on popular trading platforms such as Crypto Method or Bitcoin Millionaire. These platforms offer a user-friendly interface and allow investors to trade $SHIB with ease, providing an opportunity to take advantage of the cryptocurrency’s growing popularity and potential future success.

  • Ivan Brightly

    Ivan came across the topic of cryptocurrencies in early 2016 and, as an author and enthusiast, has been intensively involved with the topics of cryptocurrencies, blockchain and STOs ever since.

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