Investors continue to be excited for Shiba Inu (SHIB), the second largest meme coin. Looking at the latest news, it seems that SHIB adoption continues and a company is now accepting Shiba Inu payments. Here are the details…
Widespread use cases are being developed for the Shiba Inu
Widespread adoption of the Shiba Inu continues, with more than 23,000 new owners joining the network. As part of the widespread adoption of the Shiba Inu, over 23,000 new addresses seem to have bought the cryptocurrency today. This brought the total number of SHIB holders to approximately 1.2 million. A total of 23,708 new addresses bought the 16th-largest cryptocurrency, according to data from cryptocurrency analytics provider Vulkania, which may indicate renewed confidence in the asset class among investors.
Meanwhile, Shiba Inu owners can now use their assets to enjoy a meal at Chipotle. Chipotle, an American fast-food restaurant chain, currently accepts payments in a total of 98 cryptocurrencies, including Shiba Inu (SHIB), Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and more through its digital payment platform Flexa. is doing.
This partnership will enable customers to spend Shiba Inu tokens and other cryptocurrencies from any app where Flexa is available at any of the more than 2,975 Chipotle restaurants in the United States. To pay with Flexa, you need to download the Gemini or SPEDN app, both of which store digital assets. Customers can then use these apps and use them in-store to pay. As we reported on Kriptokoin.com, on December 10, Flexa, which offers pure digital payments, officially added support for Shiba Inu.
What levels are next for SHIB?
So how can these two developments affect the price of the SHIB? Shiba Inu price is moving within a descending triangle, signaling a breakout soon, according to Akash Girimath, a cryptocurrency analyst. Investors can expect to see a bullish breakout to $0.0000150, which is up 26 percent.
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