Shiba Inu has been on the rise with 2 important news from Twitter. Companies are preparing for millions of users to shop with SHIB.
SHIB as payment method in this company’s cart
The Shiba Inu is making its way to the list of e-commerce store Radio Shack. ‘Radio Shack’ took to Twitter to express possible interest in listing the Shiba Inu.
RadioShack, originally known as the RadioShack Corporation, is a US individual company founded in 1921 by two brothers, Theodore and Milton Deutschmann. The firm operates stores in Mexico, the United Kingdom, Australia and Canada. Outside of these regions, the company has licensed other companies to use the RadioShack brand name in parts of Asia, North Africa, Latin America and the Caribbean.
Shiba Inu reaches 10 million new users
In second news, Southeast Asian fintech company Coins.ph announced that it will list the Shiba Inu (SHIB) “very soon.” The company first confirmed the rumors on July 11. The scheduled listing date for SHIB was July 13. However, due to some technical issues, the listing of SHIB has been postponed to the coming days. Coins.ph later shared an apology on Twitter for leaving investors afloat.
In addition, the Fintech company also pledged a contest to their support Shiba Inu community.
Coin.ph is regulated by the Central bank Bangko Sentral ng Pilipinas (BSP). Specifically, it aims to achieve significant mainstream consumer adoption by providing uninterrupted access to direct financial services to its 10 million customers. It’s important news for Shiba’s global acceptance, as the firm operates in more than 500,000 locations worldwide.
Shiba Inu rises after news
Shiba Inu, the second largest meme coin by market cap, is up over 8% today. As the above news resonates on social media, SHIB price is trading above the 0.0000098 resistance.
Meanwhile, the Shiba Inu has been trading above the $0.0000098 resistance for about three weeks. The bulls did not leave this level under the control of the bears. She served here as the 200-day SMA support she. While further upsides may seem plausible, traders should especially watch out for the Fair Value Gap (FVG), a price inefficiency ranging from $0.0000082 to $0.0000093. Unless the price fills it, the threat of a sudden reversal will be on the table, according to analyst Akash Girimath.
However, if SHIB stays above $0.0000098, the bulls’ next target will be $0.0000139. Doing so will signal a trend change for the meme token. By the way, as we have quoted as Kriptokoin.com, Shiba came to the fore with 2 important list news today.
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