Shiba Inu (SHIB) has been among the best-performing cryptocurrencies over the previous 24 hours. The price of the second-largest meme coin has reached $0.000015 after a daily increase of about 30%.
Recent price increases for Shiba Inus are primarily attributable to a tremendous increase in burn rate. In the first month of 2023, around 1.12 billion tokens were disposed of through SHIB’s burn gateway.
Experts speculate that the recent announcement by Canadian crypto payment gateway FCF Pay that it will support the three primary tokens of the Shiba Inu ecosystem (SHIB, LEASH, and BONE) on its prepaid Visa and Mastercard cards is also contributing to the rise of SHIB.
Cardholders of FCF Pay will soon have the ability to preload their cards with up to $5000 worth of SHIB, LEASH, and BONE, in addition to other cryptocurrencies such as Bitcoin and major stablecoins.
Shiba Inu: Strong Investor Fanbase
According to WhaleStats, SHIB,…
