Shiba Inu begins its expansion in the restaurant sector. At the same time, meme coin investor sentiment is gaining. This is evidenced by data on SHIB hodlers, which show stronger hands than BTC hodlers.
Shiba Inu at Welly restaurant
The developers of Shiba Inu have taken another significant step in the development of the popular meme-coin. This time, it has been integrated into the Naples-based restaurant Welly. As Shytoshi Kusama convinces, the choice of the restaurant is not accidental. He points out that Welly does not want to cooperate with large and at the same time centralized market leaders, who are largely known for selling harmful, bad, and in extreme cases even poisonous food.
Such values also guided the SHIB developers. Common image goals united the two parties. Thus, in Naples we can enter Welly, which is filled with Shiba Inu motifs. The complete rebranding also included the menu, mascot and the creation of environmentally friendly packaging.
The official announcement reads:
“Welly is perfectly suited to scale globally. The team is already in talks to launch multiple stores in 2022 and 2023 so that we can compete with the aforementioned chains. This is the key to winning in this market – we bring a quality product, great service and new technology so that the media can’t ignore our offering. Finally, because we partner with experts and well-informed entrepreneurs from around the world, we can ensure that we have a long-term play in this industry.”
The business model of Welly’s merger with SHIB allows the meme coin community to take part in the implementation of new stores through Doggy Dao. NFT purchases are also possible, which guarantee access to exclusive benefits. Many benefits are still shrouded in mystery as they are in the pipeline.
Faith in SHIB is gaining momentum
While Bitcoin is experiencing market stagnation and many altcoins are even falling strongly, we can observe that SHIB growers have truly diamond hands. According to data from Coinbase, they are the ones with the most bullish market sentiment. The median holding time of SHIB on one of the largest exchanges is 119 days, while BTC enjoys a score of 115 days. Ethereum holders, on the other hand, endure 86 days, after which their assets are sold. Undoubtedly, SHIB’s position is influenced by its continuous development, and with it the implementation of the Shiba Inu Metaverse and Shiba Burn Portal. Among the coins in the top 20 of the capitalization ranking, only Cardano breeders are willing to hold their coins longer. Their score is 121 days.