Shiba Inu (SHIB) has reportedly ingrained itself in the minds of crypto HODLers within a short time since its launch in 2020. Despite being a meme coin, it has made several footsteps in price trends, and many people are holding the coin.
Crypto Analysis signifies that more than 90% of the world is preparing to accept SHIB differently. With its vast community support, the SHIB token was accepted by many well-known sellers who used the coin for payment purposes.
In detail, BitPay tweeted that Edge Wallet implemented the BitPay protocol on June 7, allowing its customers to spend cryptocurrencies online and in-store. Among these cryptocurrencies is SHIB. Hereby, Edge users in over 100 countries can now use SHIB for payments.
Adding on, in another context of SHIB acceptance, WhaleStats posted that an ETH whale called “BlueWhale0159” has bought 187 billion SHIB tokens worth $1,985,940. This is evidence that many are holding or buying SHIB tokens for trading and also as a mode of transaction.
Diving more, Sao Paulo FC, a Brazilian football club recently announced that it has started accepting SHIB for ticket payments. Moreover, the football club will also accept other cryptocurrencies for payment via Bitpay and Bitso.
In a nutshell, buying and accepting SHIB coins by traders and also by popular companies have made the coin gain more support. Despite the coin signaling red, many SHIB users have reportedly bought the coin, creating a “buyer zone”. Currently, the coin trades at $0.00001057, with a 1.43% dip, in the past 24 hours. Interestingly, the team behind Shiba Inu posted that a huge green candle awaits the coin.
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Source: Cryptocurrency - investing.com
