The biggest meme coins by market cap are preparing for important partnerships. In the first news, a Mexican-based university announced that it will accept payments with SHIB and 34 cryptocurrencies.
Education payments are now made with the Shiba Inu (SHIB)
Mexico-based Utel University has announced that it will now accept Shiba Inu (SHIB) as payment via Bitso. University’s students in more than 11 countries can now pay their tuition in 34 cryptocurrencies, including SHIB. It was possible with the cryptocurrency exchange Bitso that he would choose to pay with cryptocurrencies. The official announcement came from Bitso’s official Twitter account.
Dogecoin becomes the most used cryptocurrency for donations
In the next news about Dogecoin, the American Cancer Society announced that Dogecoin is the third most donated coin. The volunteer healthcare organization focused on eliminating cancer started accepting Dogecoin donations last May. Dogecoin currently accounts for 4% of all donations received by ACS. Besides Dogecoin, the institution also accepts donations in Shiba Inu and a number of different cryptocurrencies.
How is SHIB and DOGE doing technically?
As Bitcoin climbed to $24,000 throughout the week, the altcoin market accompanied this momentum. Meanwhile, SHIB and DOGE saw their weekly gains approaching 20%. On the technical side, Dogecoin has lost more than 70% after returning from the $0.159 resistance. Tested this local peak in March and April before the Terra collapse. Meanwhile, it has managed to hold its position below the 50 EMA for a long time. Thus, it provided enough strength for the bulls to fight throughout the process.
Last month, DOGE formed a symmetrical triangle-like structure on the daily timeframe. Analyst Yash Majitia says the 20 EMA is critical for Dogecoin, which is currently trading at $0.0673. According to the analyst, if Dogecoin breaks this level, the next target for the bears will be $ 0.5.
However, a bullish response at $0.07 could help buyers push for more. Any rebound above the 50-55 EMA will aid the bulls’ bullish efforts. As a result, keeping an eye on Bitcoin’s movements will complement these technical factors.
On the other hand, FXStreet analysts examining the SHIB chart are expecting a bullish target of $0.00140 for the meme token. The Shiba Inu is currently trading slightly below this level at $0.00001157. cryptocoin.comAs you’ve been following, important partnerships have arrived this week for Shiba acceptance. Meme token is listed on Philippine-based cryptocurrency exchange Coins.ph.
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