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Alex Dovbnya

The Shiba Inu cryptocurrency is taking over Times Square after hitting record highs earlier this week

A gigantic digital billboard promoting the Shiba Inu cryptocurrency has popped up in New York City’s Times Square.

The display reads: “We will reach the moon soon,” referring to the widely used slang phrase in the cryptocurrency community.

Shiba Inu is not the first meme coin to land in Times Square. Earlier this year, the proponents of Dogecoin and Safemoon also bought ad space in one of the busiest pedestrian areas of the world when the above-mentioned cryptocurrencies were at their respective peaks of popularity.

The price of a single Times Square billboard can reach $50,000 for a one-day program.        

While Shiba Inu has made significant strides in terms of exchange listings over the past two months, it is still challenging to buy it in New York due to stringent regulations. Members of the community even went as far as creating a petition in order to allow New Yorkers to purchase the high-flying meme cryptocurrency on Coinbase.

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