The Meme cryptocurrency Shiba Inu has won a recent event hosted by leading cryptocurrency payment processor Bitpay.
“Bitcoin Brackets” was set up to determine which cryptocurrency was “ready to burst.”
The tournament consisted of four rounds with a total of 16 coins, including Binance Coin, Cardano, Solana, Polkadot, Dogecoin, and other altcoins, divided into brackets.
During each phase of the tournament, the cryptocurrency community had to vote for its favourite coin from a given pair using a specified form. Shiba Inu managed to acquire an advantage against Terra, Solana, and then Cardano over the first three rounds.
The outcome of the tournament shows how strong the Shiba Inu community is, even though the canine coin didn’t do well in 2022. Participants in the voting process will be able to win prizes from BitPay.
With the help of the Atlanta, Georgia-based payment processing company, many major merchants, including online electronics store Newegg and movie theatre chain AMC, are now accepting Shiba Inu.
According to BitPay statistics, it saw a considerable increase in payments in May, processing 75,583 transactions.
