By Franklin Smith
- com now accepts Shiba Inu (SHIB) payments.
- Shiba Inu Games collaborated by a leading Australian video game developer.
- A whale account purchases SHIB tokens worth $2 million.
Shiba Inu (SHIB/USD) is a decentralized digital coin launched in 2020 by an unknown group or individual using the name ‘Ryoshi.’ While developers designed the meme coin as Dogecoin’s inspiration, it later gained its ecosystem, which sees a remarkable growth at the moment.
Shiba Inu Ecosystem Growth to Catalyze Price Surges
Analysts have had a bullish outlook for Shiba Inu over the past few months. On 7 December, Travala declared that SHIB won the crypto battle. Nevertheless, what does that imply? Well, it meant Travala.com listed the meme crypto as a payment option. Furthermore, global users can book more than 3 million travel products.
Keep in mind that the travel website launched a token battle between Shiba Inu and Floki Inu on 2 December. The winner would receive rewards besides Travala listing. It seems the SHIB community won once more.
Shiba Inu games partnered with the leading Australian video game developer PlaySide Studios. The collaboration will introduce a new game based on the Satoshi NFT collection throughout the upcoming eight months.
On 6 December, a whale bought Shiba Inu tokens worth $2,019,048.78. That is another massive purchase SHIB has recorded in 2021. Moreover, it shows SHIB’s interest among wealthy institutions and individuals. These developments can support Shiba Inu’s price to rally.
Should You Buy SHIB?
On 8 December, SHIB traded at $0.00003703. Meanwhile, we may have to evaluate SHIB’s performance over the last month and through its ATHs. Shiba Inu touched its record peak on 28 October, hovering at $0.00008616.
On 1 November, SHIB touched its monthly high of $0.00007409. Meanwhile, the do crypto hit its monthly low on 24 November as it plummeted to $0.00003667. On the other hand, IntoTheBlock data show SHIB’s transactions amounted to $3.6 billion over the past seven months.
At $0.00003703 today, SHIB can be a worthwhile buy. With the latest ecosystem growth and developments, the asset has the momentum to touch $0.00006 before 31 December. You can visit trading platforms like bitFlyer and eToro to purchase your Shiba Inu tokens.