Shiba Inu and Two Other SHIB Ecosystem Coins Now Accepted via Prepaid Visa Cards U.Today
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Shiba Inu Price Prediction as SHIB Gets Accepted on New Virtual Prepaid Card – Time to Buy? Cryptonews
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Despite a pullback from earlier session highs in the broader cryptocurrency market on Thursday, dog-inspired meme coin Shiba Inu (SHIB), which lives as an ERC-20 token on the Ethereum blockchain, is pushing higher. The crypto token, which is the second most popular meme coin after Dogecoin, was last trading in the region of 3.0% higher on the day, and is up around 9% since bouncing from its 21-Day Moving Average on Wednesday ahead of the not-as-hawkish-as-feared Fed meeting.
Some analysts are saying that recent news that Canadian crypto payment gateway FCF Pay has added the main Shiba Inu ecosystem tokens (SHIB, LEASH and BONE) to its prepaid Visa and Mastercard cards is giving Shiba Inu a boost. FCF Pay cardholders will now be able to preload their cards with up to $5000 worth of SHIB, LEASH and BONE, as well as other cryptocurrencies like Bitcoin and major stablecoins.
SHIB Primed to Explode?
SHIB/USD was last changing hands around $0.0000125, up an impressive more than 50% since the start of 2023. And the gains could be about to accelerate. Shiba Inu is currently testing a downtrend linking the August and October 2022 highs. Given how well SHIB/USD has been supported during pullbacks to its 200DMA and 21DMA in recent weeks, buying pressure appears to be building, suggesting a break above the key long-term downtrend and January’s highs in the $0.000013 area is looking more likely.
That would open the door to a rapid run towards the October high in the $0.0000152 area, and then potentially on towards the August highs just below $0.000018. Technical and broad crypto tailwinds aren’t the only potential sources of support for the meme cryptocurrency.
Upcoming Shiba Inu Projects to Provide Long-term Tailwinds
Shiba Inu developers are working on a number of cool projects that look set to add significant utility to the SHIB token this year. These include Shiba Inu’s own Ethereum scaling solution blockchain called the Shibarium – this blockchain, which will be built as a layer-2 extension of the Ethereum blockchain, will use SHIB as its native token and will hopefully result in 1) lower gas fees and 2) faster growth of the Shiba Inu web3 ecosystem.
Developers are also working on lots of other cool projects like a Shiba Inu metaverse. Given the cryptocurrency’s massive and highly supportive community and impressive development efforts, investors are likely to be increasingly drawn to SHIB in 2023, viewing it as more than just a way to make a quick buck, and viewing it instead as an investment in a long-term, valuable crypto project.
SHIB Alternatives
If you’re looking for other high-potential crypto projects alongside SHIB, we’ve reviewed the top 15 cryptocurrencies for 2023, as analyzed by the CryptoNews Industry Talk team.
The list is updated weekly with new altcoins and ICO projects.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
This payment gateway has finally added SHIB to its prepaid cards, along with BONE and LEASH
Canada-based payment gateway FCF Pay, which works with cryptocurrencies, has made an announcement that will make the Shiba Inu army happy.
Three SHIB ecosystem tokens added to prepaid cards
According to the company’s recent tweet, not only SHIB but also BONE and LEASH tokens from the Shiba Inu ecosystem have been added to its virtual prepaid Visa and Mastercard cards.
#SHIBARIUM #TRIFECTA; #SHIB, #BONE and #LEASH all now accepted for our virtual prepaid debit cards!
$5000 limit
Refillable
No ID required
FCF Project White Paper and Roadmap: https://t.co/tnKcdssYhb#SHIBARMY #SHIBARMYSTRONG #CRYPTO pic.twitter.com/mDO6h6x62c
— FCF PAY – Blockchain Payment System (@fcfpay) February 1, 2023
The cards have a limit of $5,000 worth of crypto but can be easily refilled. According to the company’s website, one person can buy as many of these cards as they want.
These virtual cards can also be loaded with other cryptocurrencies: Bitcoin, BUSD, USDT Tether, USDC and DAI. They are compatible with several blockchains: BSC, Ethereum, Solana, Fantom, Tron, etc.
SHIB, BONE, LEASH now can be spent on Netflix and Amazon
As reported by U.Today, last October, FCF Pay suggested that if the SHIB army makes “enough noise,” the Shiba Inu token would be added to its prepaid cards and the company would issue an announcement on its Telegram channel soon after. The company stressed that its prepaid cards are accepted by Netflix and Amazon giants.
In June of last year, the payment gateway added the whole SHIB trifecta, making them available for merchants to be accepted as payment from thousands of clients.
BONE becomes one of most-purchased coins
According to a recent post by WhaleStats wallet tracker, the Bone ShibaSwap (BONE) token has surged to enter the top 10 list of most frequently purchased coins among the 100 largest holders of ETH and ERC-20 tokens.
JUST IN: $BONE @shibtoken now on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $BBW to see data for the top 5000!)#BONE #whalestats #babywhale #BBW pic.twitter.com/vShWkQpRGo
— WhaleStats (tracking crypto whales) (@WhaleStats) February 1, 2023
BONE will be powering the soon-to-launch Layer 2 protocol Shibarium, so it will be valued by the SHIB community as they will have to use it to pay for transactions. Shibarium promises fast and cheap transfers in any number as the Layer 2 protocol will save Ethereum, on top of which SHIB is built, from congestion.
Once Shibarium is launched, both SHIB and BONE tokens are expected to skyrocket. Shiba Inu, at the moment, is trading at $0.00001165. The community longs for it to surge to $1 or to at least $0.01.
BONE is exchanging hands at $1.33 after a marginal rise of 1% in the last 24 hours.