A prominent Shiba Inu community member has listed three catalysts that could push the SHIB price to the long-awaited $0.01 level.
Here are 3 catalysts that will raise the Shiba Inu price to $0.01
@ShibBPP on Twitter listed the developments needed for the $0.01 level, which is one of the ultimate price targets of SHIB investors. These catalysts, some of which are already applied, are as follows:
- Mass adoption and acceptance
- Staking/liquidity
- Token burning
Mass adoption and acceptance
SHIB has been on the payment method list of a number of global businesses in recent years. More recently, it has expanded its connections with the Travala platform through a new program. In this way, SHIB holders can access an affiliate program of the travel operator Travala, which sells its services by paying with cryptocurrency. Thanks to the new program, users will have a chance to earn money through a referral system.
The collaboration between Shiba Inu and Travala was announced in November last year. The travel booking company had also added SHIB to the list of cryptocurrencies it accepts for its services. Also, Ralph Lauren recently started accepting Bitcoin, Ethereum, SHIB and other cryptocurrencies to open his Miami Design District store.
List of celebrities who support Shiba Inu (SHIB)
Shiba Inu (SHIB) started in August 2020 as a meme coin calling itself the “Dogecoin killer”. However, after years of impressive price performance and the emergence of a resilient and passionate community, it has begun to garner global attention, with the attention of a few notable celebrities.
One of them is American music artist Nick Carter. In his first tweet in April 2021, the artist asked the community, “What is SHIB?”
Shortly after his announcement on Twitter, Carter announced that after extensive crypto research, SHIB is one of his four favorite crypto projects. He also started mentioning the Shiba Inu on his Twitch account that same month.
Kai Greene
An American bodybuilder, Kai Greene, showed his interest in the Shiba Inu a month after Carter. His first tweet came on May 17, 2021, when SHIB price rallied. After starting SHIB advocacy, Greene constantly talked about the meme coin, calling himself “King Kai, Protector of Shiba Inu and ShibArmy, King Kai.”
cryptocoin.com In this article, we have included the rest of the list of celebrities who support Shiba.
Token burn and staking
Efforts to burn tokens, one of the main catalysts supporting the SHIB price, have continued unabated in recent weeks. However, after the launch of the Shibarium beta under the name Puppynet on March 11, these burns increased in size.
On Friday, the rate of SHIB burning increased by 35,500%, according to the Shibburn tracking platform, according to the data. Only 17,804,606 Shiba Inu tokens were burned in the previous 24 hours. Only 50,000 SHIB had been burned in the previous day.
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