Crypto News

Shiba Inu Rises By 20% As Newegg Teases Accepting SHIB As Payment

This year has been a marvelous year for Shiba Inu which rose from $0.00000516 to $0.00008845 in the last 52 weeks. After dropping more than 50% in the last 3 weeks, the people’s favorite meme coin has started pumping again. The token rose by a maximum of 20% in the last 24-hours.

Prices opened at $0.00004252 and continued to rise to newer levels, reaching a daily high of $0.00005217. Furthermore, the token closed its candle at $0.00004851. On the other hand, today’s candle started at $0.00004850 and is currently at $0.00004888.

Payment acceptance

Furthermore, Newegg, an online retailer of items including computer hardware and consumer electronics, is also looking to accept cryptocurrencies as payment. Although no official confirmation is there, rumors have started to develop after a recent interaction on Twitter.

Shiba Inu’s long term outlook looks positive as the token’s price movement turned bullish. There are a number a factors that determine the price trajectory of a token and if these rumors are true, we can have another bullish few days for Shiba Inu.

While AMC has already announced that it will accept Bitcoin, Litecoin, Dogecoin, and Ethereum as payment, and in 30-120 days SHIB, there have been rumors that McDonald’s is also considering the same. According to a recent tweet reply, the firm is looking to “evaluate the payment’s experience.”

Shiba Robinhood listing

The prices turned bullish amidst rumors of Shiba Inu’s listing on the Robinhood exchange. While the petition for the listing has already got more than $500,000 votes, a report says that the listing won’t happen, at least this year.

“The short term gain that [Robinhood] might gain, is not worth the long term trade off for our users,” said COO of Robinhood, Christine Brown.

On the other hand, the listing of Shiba Inu on Kraken will happen as early as next week and Brian Hoffman, Kraken’s product lead, tweet on a SHIB meme, saying “feeling good about this week.” 

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