Shiba Inu Trying To Extricate From Bearish Grip As SHIB Seen Rising This Week

Since the beginning of August, Shiba Inu has been actively engaged in corrective activities. The meme coin has been distancing from its origins and has been highly effective with doing so. An actual use case for SHIB was just introduced last month when it became possible to use the token to settle tax obligations in the cryptocurrency space. In January of this year, NOWpayments announced a partnership with Shiba Inu, opening the door for token payments to be used as crypto wages. This isn’t the only real world utility of SHIB per se. Shib Eternity was also released worldwide as part of this ecosystem. Though the launch was made, the bear market continued to gain ground. SHIB has been under strain due to recent macroeconomic events. With the latest interest hike by the US Federal Reserve, it can be argued that a recovery by SHIB will be challenging. Yet, SHIB has been gaining bullish momentum as of late. Is it possible that the deflationary token will be able to stop the falling prices eventually? Related Reading: NEAR Platform Active Users Soar – ‘Sweat Economy’ Boosting Token’s Price? How SHIB Has Been Doing The real-world performance of SHIB as of this writing has been fairly significant for the growth of the ecosystem. SHIB has been made more widely available in the cryptocurrency market with yesterday’s official listing on BitMEx. As a result of Google’s agreement with Coinbase, the token can also be used to pa...