Newegg, the US-based giant electronics retailer, announced on November 29 that it will add the popular joke currency Shiba Inu (SHIB) as a payment tool as part of its holiday promotional campaign, starting “early December”. That day came and the company opened the popular prank currency to users as a means of payment.
Electronics Giant Adds Shiba Inu as Payment Tool
Electronics and computer e-shop Newegg has finally added the Shiba Inu as a means of payment, the company announced on Thursday.
The online retail giant has officially confirmed that it will also add the popular prank currency to its group of supported cryptocurrencies in late November. The company’s new move was announced on the world’s largest digital billboard in Los Angeles and California.
Earlier today, BitPay announced that it has enabled Shiba Inu payments for supported traders, putting massive adoption pressure on the cryptocurrency.
On the other hand, the giant movie giant AMC continues to work to add the joke currency Shiba Inu in the first quarter of 2022.
SHIB Current Status
The popular joke currency Shiba Inu (SHIB) has become one of the cryptocurrencies most affected by the sharp drop in the cryptocurrency market. The prank currency set an all-time high of $0.0000088 in the past months, while it is currently trading at $0.000034.
Earlier last week, the popular prank currency turned up and started an increase, but then the price started to decline again. Also, the popular prank currency stuck in the $0.000043-$0.000033 range last week and the indicators are now pointing to the bearish.
On the other hand, since the crash on December 4, there has been a great decline in purchasing power.
As of the time of writing, Shiba Inu (SHIB) continues to trade at $0.00003484, down 4.89% in the last 24 hours, according to CoinMarketCap data.