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The Avalanche Bridge, unveiled by Ava Labs in July, now supports the Shiba Inu meme cryptocurrency. The tool allows you to seamlessly move tokens from the Ethereum network to the Avalanche mainnet.
The Avalanche Bridge (AB) adds new tokens that can be transferred between Avalanche and Ethereum. SHIB is on its way!
Avalanche Bridge (AB) is adding new tokens that can be transferred between Avalanche and Ethereum.
First up, $SHIB incoming!
Transfer using the best bridge in crypto: https://t.co/UAY69mBjpo pic.twitter.com/gRa9rDFBMZ
— Avalanche 🔺 (@avalancheavax) December 8, 2021
Users can also transfer wrapped bitcoins and ethereum using a bridge.
At the end of November, thanks to record growth, the Avalanche AVAX token surpassed Shiba Inu in terms of market capitalization. Now both cryptocurrencies are ranked 12th and 13th in the overall CoinGecko cryptocurrency rating.
Recently, Ava Labs CEO Emin Gün Sirer described Shiba Inu as a “zero-sum game,” adding that this year’s top performing cryptocurrency isn’t exactly his type.
SHIB is a memecoin. As such, it’s a pure momentum play — it has no use, so it’s a zero sum game. Exactly half the community (in dollar terms) will make money, while the other half loses. Not my cup of tea.
— Emin Gün Sirer🔺 (@el33th4xor) December 7, 2021
As you can see, personal preferences did not affect the work process, and this is very valuable.
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