Limitless Beliefs Newsletter

Discover investment opportunities in Africa

Shiba Inu (SHIB) Gains Access to 1,200 Merchants in 25 Countries

Business

CoinPayments has announced the integration of Apcopay into its platform, allowing users to pay using cryptocurrencies for goods and services. Shiba Inu (SHIB) is one of the cryptocurrencies that clients can use for their payments. The platform has over 1,200 merchants in 25 countries. The development could lead to a surge in SHIB’s adoption.

Also Read: Shiba Inu: New Whale Emerges With $3 Million SHIB Purchase

Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. In just over three years since its launch, SHIB has witnessed a significant rise in adoption. The latest integration of Apcopay into CoinPayments may further push the asset’s boundaries.

Will Shiba Inu (SHIB) begin a rally?

Shiba Inu
Source – Token Metrics

Although SHIB clients gaining access to 1200 merchants is a positive development, the asset’s price has struggled to gain momentum. SHIB is currently down by 2.2% in the daily charts, 4.3% in the weekly charts, and more than 29% since February 2023.

Source: CoinGecko

According to CoinCodex, Shiba Inu (SHIB) could rise to $0.00001003 on Feb. 26, 2024. However, the platform does not anticipate prices to hold. SHIB may quickly regain the zero it deletes.

Also Read: Shiba Inu (SHIB) Could Hit $0.000712, $0.00769, $0.025: Here is When

Source: CoinCodex

Changelly also anticipates a similar performance from Shiba Inu (SHIB). According to the platform, SHIB may delete a zero over the weekend, but prices may not hold. Changelly predicts SHIB to regain a zero next week.

One of the most significant barriers to SHIB’s price is its massive supply. If the team can reduce the number of tokens in circulation, the asset may see a surge in price. The SHIB team is reportedly working on a new burn mechanism, rumored to burn trillions of tokens yearly. However, the team has not disclosed when the new burn mechanism will launch.

Leave a Reply

Your email address will not be published. Required fields are marked *