Crypto.com revealed that it holds 22.91% of its reserves in the Shiba Inu (SHIB/USD) cryptocurrency.
W Dubai – The Palm, a five-star hotel, allows guests to pay for accommodation in the SHIB cryptocurrency.
Shiba Inu is one of the most popular meme-cryptocurrencies, originally inspired by Dogecoin (DOGE/USD).
SHIB is an Ethereum (ETH/USD) based altcoin that features the Shiba Inu hunting dog as the mascot.
Broader SHIB adoption as a catalyst for growth
In the latest crypto news, one of the largest cryptocurrency exchanges, known as Crypto.com, has revealed they hold 22.91%of their reserves in the form of the SHIB cryptocurrency.
Data from blockchain analysis firm Nansen showcased the platform holds the largest share, of 29.68%, of its digital assets in the form of Bitcoin (BTC/USD), followed by SHIB.
Crypto.com CEO Kris Marszalek confirmed the data from the dashboard through a tweet.
Luxury Hotel in Dubai known as W Dubai – The Palm allows guests to pay for accommodation in the form of the SHIB cryptocurrency, first announced by Travala.com on Twitter.
As a result of this, SHIB has seen an increase in popularity as well as appeal.
Should you buy Shiba Inu (SHIB)?
On November 14, 2022, Shiba Inu (SHIB) had a value of $0.00000923.
SHIB/USD Chart by Tradingview.
The all-time high of the Shiba Inu (SHIB) cryptocurrency was on October 28, 2021, at a value of $0.00008616. This means at its ATH; the token was $0.00007693 higher in value, or 833% higher.
When we go over the 7-day performance of the cryptocurrency, Shiba Inu (SHIB) had its low point at $0.00000850, while its high point was at $0.00001207. Here we can see an increase of $0.00000357, or 42%.
Going over the 24-hour performance of Shiba Inu (SHIB), we can see its low point was at $0.00000868, while the high point was at $0.00000937. This marked another increase in value of $0.00000069 or by 8%.
Investors might want to take up this opportunity to buy SHIB, as we can expect SHIB to climb to $0.000014 by the end of November 2022.