Shiba Inu Now Acceptable at VR World as Price Plummets
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Shiba Inu (SHIB) has recorded another win to end the year. VR World, the largest virtual reality experience center in North and South America, recently announced that it would start accepting SHIB as a payment option on its platform.
VR World will begin accepting SHIB and a few other cryptocurrencies via payment processor BitPay. This means that users can make payments with SHIB at merchants that support BitPay or where digital gift cards are purchased via its wallet app.
Founded in Atlanta, Georgia, by Tony Gallippi in 2011, BitPay has become one of the world’s top crypto payment service providers. The crypto solutions payment provider has attracted numerous integrations from companies looking to accept Bitcoin and other crypto-assets. Interestingly, BitPay began supporting Shiba Inu payments for merchants just last week.
VR World plays a critical role in the NFT space and even organized the after-party for the NFT.NYC conference last month. VR World CEO Leo Tsimmer recently asserted that following the event, it became clear to the company that “cryptocurrency has entered everyday life.”
Shiba Inu has come a long way since its debut in the crypto market late last year. Despite having no utility to boast like most other networks, the meme coin has permeated the payments solution space. The cryptocurrency has gained significant utility in this space thanks to its capacity for cheap and reliable transactions.
Key Shiba Inu Levels to Watch — December 17
After battling to stay above the critical 0.0000350 – $0.0000325 pivot zone for over a week, SHIB has finally buckled under the prevailing bearish pressure and now pushes for the monthly low at 0.0000300.
Except the meme coin can pull a fast one and jump above the $0.0000350 pivot top in the near term, we should see a bearish continuation to the 0.0000300 and, subsequently, to the $0.0000275 October low. With the weekend at hand, SHIB, and the rest of the crypto market, will likely get significantly rocked by bears.
Meanwhile, my resistance levels are $0.0000325, $0.0000350, and $0.0000375, and my support levels are $0.0000300, $0.0000275, and $0.0000250.
Total Market Capitalization: $2.15 trillion
Shiba Inu Market Capitalization: $16.9 billion
Shiba Inu Dominance: 0.78%
Market Rank: #13
