More merchants support Shiba Inu payments as the US$0.01 milestone remains a dream
Last Friday, an announcement that was posted on Twitter revealed that Shiba Inu had joined Flexa's list of supported cryptocurrencies. This allows Shiba Inu owners to pay using this popular meme coin anywhere Flexa is accepted, and the list of such merchants includes no less than 40,000 stores across the US.
The list of companies that are already accepting Shiba Inu payments consists of the following (five of which are integrated through Flexa): GameStop, Nerdy Flames, Ask The Doctor, Petco, Lowe's, Bed Bath & Beyond, Ulta Beauty, Shiba Tea & Coffee, Shiba Mobile Repair, and AMC Theatres.
Although there is no solid impact of this piece of news over Shiba Inu's value to talk about yet, Ask The Doctor saw a website traffic increase of no less than 100 times. The Shiba Mobile Repair store, located in Iran, is apparently a business that came to life thanks to the Shiba Inu-fueled profits made by its owner.
For now, Shiba Inu is less than 1 percent higher than yesterday. However, the 7-day drop stands at nearly 5 percent, with even higher lossless in the last 14 days (11.5 percent) and 30 days (33.8 percent). The popular meme coin was at its ATH value of US$0.00008616 on October 28 and has dropped almost 60 percent ever since. Although a few months ago many were talking about Shiba Inu reaching a rather surreal value of US$0.01 before the end of the year, it seems like that won't happen anytime soon.
If you have any thoughts regarding Shiba Inu, feel free to share them with the world. As usual with meme coins and cryptocurrency in general, there are plenty of voices on both sides of the story, for example the theory that Shiba Inu could lose 99 percent of its value by 2023.