Although the last few weeks seemed positive for the meme-coin, with nearly 20% growth, the current week opened up with a downward movement. Shiba Inu lost around 0.60% in the last 24 hours and is currently staying at $0.000023. However, as experts believe, this minor stumble is of no concern for the coin in the big picture. Moreover, the coin has received some good news this week to keep its momentum stable. One of the news is about the meme’s arrival on the Wirex payment network.
Wirex is a payment network founded by Pavel Matveev and Dmitry Lazarichev. The network is well known for bringing the first-ever payment card for cryptocurrencies. The platform’s recent announcement informed the crypto space about its plans to add a handful of the up-and-coming cryptocurrencies. The growing demand for Shiba Inu in the market has helped it climb onto this list of a handful of cryptocurrencies. Along with Shiba Inu, Cosmos, Terra, Orchid Protocol, Enjin, and Bitcoin cash are also joining the payment ecosystem of Wirex. This new integration will help Shiba Inu reach over 4.5 million users from across 130 countries.
Shiba Inu’s development in the last year can never be understated. The meme-coin was launched in early 2021 and reached the skies within a few months. The 45,000% profit gained by March helped greatly with its ascension on the chart. SHIB is also the receiver of popular predictions for 2021. Although the coin could not reach the 1 cent mark anytime soon, its volatility would be great propulsion for bringing a three-digit profit by the end of this year. According to this research-backed SHIB coin price prediction, this meme-coin matters in the market.
However, it is not just this aspect of Shiba Inu that helped it get onboard Wirex. SHIB is one of the few coins that is gaining faster mainstream adoption. Recently, big names like AMC entertainment added Shiba Inu as one of the accepted payment options. The payments through SHIB coins would be processed through BitPay for AMC entertainment. So there is a visible demand for the meme-coin among institutions. This demand for the coin owes much to the enthusiastic community behind it.
Despite the fact that SHIB is only recognized as a meme coin, its growing popularity and desire to engage in it hint at a different yet exciting future.
Speculation and market capitalization are the keys to Shiba Inu’s future prosperity, and Shiba has the potential to become the next Dogecoin.
Although there hasn’t been much change in the price of this token, active purchasers may be able to help it climb.
In a more active buyer’s market, the value may jump to $0.00001040.
Despite the fact that it does not appear to have considerable worth at the moment, due to its popularity, it has the potential to have a big effect on huge investors in the crypto market in the future.
Shiba Inu’s plans for the future include NFT and metaverse. Recently, the announcement about a Shibverse from the meme-coin developers surfaced on the Internet. Moreover, the coin has gone into a partnership with the fashion label John Richmond for an NFT venture. The partnership will create and circulate 10,000 NFTs based on designs that will be exhibited in the Milan Fashion Week. We can clearly see that the meme-coin is making moves to establish a mainstream market. In such a case, a global network like Wirex would be a great addition to seamless global connectivity.