🔥🔥🔥 #shibaInu ($SHIB ) transitions to a ‘more practical asset’ following CoinGate’s integration 

Fintech firm CoinGate has expanded its reach by integrating the memecoin Shiba Inu (SHIB) into the #BinanceSmartChain and #Polygon blockchains. This integration enables SHIB holders to use their tokens to purchase products from major brands like Nike and book services such as Airbnb.

CoinGate aims to facilitate digital token transactions for a wide range of goods and services, bridging the gap between traditional finance and #cryptocurrencies . The addition of Shiba Inu to its platform enhances the versatility of the meme-inspired coin in real-world applications, driving its mainstream acceptance.

Shiba Inu's developers have been actively working to elevate the digital currency beyond its memecoin status. The introduction of Shibarium, an Ethereum Layer 2 scaling solution, has garnered significant attention within the crypto community. Shibarium promises faster transactions and user-friendly transaction fees, aiming to enhance the overall user experience.

Shiba Inu's recent listings on platforms like Robinhood and the launch of its magazine have sparked optimism in the SHIB community. Notably, developers raised $12 million for a new #Layer2 network, backed by major players like Animoca Brands, Mechanism Capital, and Polygon Ventures, signaling increased confidence in the project.

Despite recent market downturns, Shiba Inu (SHIB) has demonstrated resilience. Data indicates that more than 700 trillion SHIB tokens held by over 650,000 wallet addresses remain profitable, underscoring the steadfast confidence of holders in the token's long-term value.

At $0.00002177, Shiba Inu has experienced a modest 4% decline in the last 24 hours. Trading within a range of $0.00002379 to $0.00002227 in the past week, a breakout could propel it up by 13% to $0.00002558. Conversely, selling pressure might drive it down to $0.00002080, marking an 8% dip from its current level.

Source - invezz.com