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Ekta Mourya
FXStreet
Shiba Inu price could recover from its losses with the rising real-world adoption of SHIB. Business and applications with utility in the real world have announced SHIB acceptance, fueling a bullish outlook among investors.
AMC Theatres, considered the world’s largest cinema chain, has announced the acceptance of Dogecoin and Shiba Inu payments through its application. As firms and institutions acknowledge the rising demand for crypto, they have started embracing payments in Shiba Inu, Dogecoin and Bitcoin.
Within a few months of accepting crypto payments, AMC Theatres has added support for SHIB on its mobile application. AMC uses Bitpay to process its crypto transactions in the US.
Exactly as promised, the AMC mobile app for AMC’s U.S. theatres now accepts online payments using Doge Coin, Shiba Inu, and other crypto currencies — thanks to Bitpay. Also Apple Pay, Google Pay and Paypal. To do so, you first will need to update to the latest version of our app. pic.twitter.com/MMy7SIxYbl
Taylor Travel Management Group has partnered with BitPay to accept Shiba Inu payments across their limousine, helicopter and private jet services.
Proponents believe the rising real-world utility of Shiba Inu could increase the number of active users and on-chain activity and fuel a bullish outlook among investors.
Analysts have evaluated the Shiba Inu price trend. @AltcoinSherpa, a pseudonymous crypto analyst and trader, revealed that he is accumulating Shiba Inu tokens, buying through the recent consolidation in the Dogecoin-killer.
$SHIB: Prob a moron play but Im still going to just keep buying more within this consolidation. #SHIB pic.twitter.com/dioWK0FRYz
FXStreet analysts believe Shiba Inu price could double and set a target of $0.000050. Analysts observed a 22% rally in Shiba Inu price after announcing a Robinhood listing. According to analysts after multiple failed attempts, Shiba Inu price is ready for a breakout.
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Crypto markets shows strength to start the second trading week of August, and key levels have been identified. Although it’s still early market, current prices may be the ultimate discount in hindsight. BTC follows through on the bullish technicals mentioned in previous outlooks. ETH continues to display strength in the market. XRP seems poised for a rally. Invalidation of the up trend is vital.
BTC reaffirms a triangle breakout to $28,000 after surpassing $24,000. Whales holding 1,000 and more coins grow to 2,051 from 2,040 in a week. Bitcoin price is required to make a daily close above $24,000 to reinforce the move to $28,000.
Dogecoin price sits on the edge of a 26.23% climb to $0.0888. Elon Musk believes DOGE has a larger total transaction capability than Bitcoin. Mark Cuban is confident that Dogecoin potentially has more applications compared to Cardano.
A brief technical and on-chain analysis on Cardano price. Here, FXStreet’s analysts evaluate where ADA could be heading next.
Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection, its technicals support a bearish outlook for the leading crypto.
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