Shiba Inu Adoption Booms as Meme Coin Gains Acceptance at Major Retailers Through CoinGate Integration
The Shiba Inu ($SHIB) cryptocurrency has been integrated with CoinGate, a Lithuanian blockchain payment processor, to enable its use on Polygon and the BNB Chain. This integration allows SHIB to be used as a payment method at major retailers such as Steam, Nike, Spotify, and Airbnb.
CoinGate serves as a link between the cryptocurrency realm and traditional finance, and by incorporating SHIB with Polygon and BNB Chain, it facilitates the use of SHIB for everyday transactions.
Read Also: Is the 1.5 Trillion Shiba Inu (SHIB) Surge Sustainable?
This development comes at a time when the price of SHIB has been experiencing significant growth, with an increase of over 10.5% in the last 30 days and more than 120% year-to-date. Notably, a major anonymous Shiba Inu whale wallet recently executed substantial transactions on the Robinhood exchange, accumulating 1.75 trillion $SHIB tokens, valued at approximately $40 million.
The whale’s activity coincides with a potential bullish signal for SHIB, as indicated by a technical analysis suggesting an imminent price surge.
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In light of this, a prominent cryptocurrency trader, Ali Martinez, has shared plans to place buy orders around a specific price point in anticipation of a potential rise in SHIB’s price.
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