Avalanche Bridge, introduced by Ava Labs in July, now shows support for meme cryptocurrency Shiba Inu.
Furthermore, The tool now permits seamlessly moving Ethereum tokens to the Avalanche’s mainnet.
“Avalanche Bridge (AB) is adding new tokens that can be transferred between Avax 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
More so, Users now can transfer wrapped versions of Bitcoin and Ethereum using the Avalanche Bridge.
Also, the Avalanche native token, AVAX, surpasses Shiba Inu by market cap in late November. Currently, The two cryptocurrencies remain in 12th and 13th places, respectively.
Meanwhile, Ava Labs CEO Emin Gün Sirer lately describes Shiba Inu as “a zero-sum game,”. Then, goes on to add that shib is not his cup of tea.
“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
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