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Shiba Inu Coin: New all-time high, integration as a means of payment 2.0 and Coinbase blocks SHIB traders



The Shiba Inu Coin has surprised investors with a series of new all-time highs in the past few days. But what actually happens around the meme coin in the crypto-verse?


The Shiba Inu cryptocurrency, modeled on Dogecoin, hit a new all-time high of almost $ 0.00009 on October 28, 2021. Since then, the SHIB price has collapsed briefly and is now making its way in a slightly bullish upward movement - to the next all-time high?


Coinbase - the new Robinhood?

While other cryptocurrency prices tend to weaken after the new all-time high of Bitcoin, the Shiba Inu Coin managed to increase its market capitalization to 40,338,525,412 US dollars and is now ranked 11th in terms of market capitalization.


The Shiba Inu course surprised many SHIB investors, some of whom wanted to take their price gains with them. However, this was temporarily not possible on the Coinbase and Coinbase Pro crypto exchanges, as the platform went offline for a short time during the Shiba Inu Coin rally. The Shiba Inu traders could not realize their price gains.


The crypto traders experienced a very similar situation during a Dogecoin rally this year. At that time, the trading app Robinhood blocked trading in the dog coin. Even then, Dogecoin investors couldn't take their profits at an all-time high.


Shiba Inu Coin becomes a means of payment - $ 30 million burned

We remember: In May, Ethereum co-founder Vitalik Buterin received around 410.24 billion Shiba Inu coins from the Shiba Inu team. According to the current SHIB rate, these coins are now worth around 30 million US dollars. However, Buterin sent the Shiba Inu coins to a dead blockchain address in order to " burn " the coins, ie destroy them. The aim of the Shiba Inu team at the time was to drastically reduce the number of coins available in order to have a positive impact on the Shiba Inu course.


In addition to the entire hype about the Shiba Inu price, we see increasing adoption of the SHIB coin outside of the chart world. The Parisian restaurant Le Bistrot d'Eleonore et Maxence - similar to the Argentine real estate agency Candoli Propiedades - is now relying on the Shiba Inu Coin. A " Shiba Inu Accepted Here " sign indicates the integration of cryptocurrency into the payment system.


And we could see even more Shiba Inu coin adoption in the future. Because a Twitter poll by AMC Entertainment shows that the interest in SHIB is high.


“As you know, you can now buy AMC gift cards with cryptocurrency. And our IT group is coding so that we can soon accept online payments in Bitcoin, Ethereum, Litecoin, and Dogecoin, among others. Should we also integrate Shiba Inu? "



Around 123,095 votes have been cast so far and the result speaks for itself: Almost 80 percent of the survey participants are in favor of a Shiba Inu integration.


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