Shiba Inu (SHIB) Overtakes BUSD Market Cap, Eyes LTC Next

$SHIB is up 3.7% over the last 24 hours

Binance's stablecoin has been losing its market share following an order from New York state's financial regulator for Paxos to stop issuing BUSD.

The gap between SHIB and LTC has narrowed significantly. The meme coin's recent growth can be attributed to several factors. Among these is the upcoming launch of the Shiba Inu Metaverse, a project that aims to expand the utility of the Shiba Inu ecosystem, slated to open by December this year.The meme coin's developers are confident that users will have the opportunity to explore some of the areas in the Metaverse by the end of 2023.

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