Recently, Lithuania-based cryptocurrency payment gateway Coingate celebrated the one-year anniversary of its partnership with Shiba Inu. After appreciating the SHIB community's full support for the project, the leading cryptocurrency payment processor announced that SHIB payments are the 12th most popular payment on its platform.
Coingate is surprised by the rapid rise in popularity of SHIB payments on its platform, as their partnership is just one year old.
One of the reasons for the wider adoption of SHIB payments on Coingate's platform was the ability for users to purchase unlimited gift cards with the cryptocurrency. But more importantly, it made it possible for these users to redeem gift cards without any hassle. For example, some users have redeemed gift cards to pay for Airbnb apartments and buy new clothing on Nike or Zalando.
Others have used redeemed gift cards to play the latest PS5 and Steam games. Another reason for the rapid increase in the adoption of SHIB payments on Coingate is that Coingate used to charge its users zero fees when they bought SHIB or any other cryptocurrency using their credit cards.
Meanwhile, Coingate has shown that its partnership with SHIB goes beyond business. In August, he celebrated the second anniversary of SHIB. Also, she congratulated the community and developers when they launched the highly anticipated Shiba Eternity trading card game of the platform.
Certik's latest weekly project is all about SHIB
In its latest weekly project spot, blockchain security firm Certik noted that the downturn in the cryptocurrency market caused by the FTX crash hasn't affected the Shiba Inu. Certik noted that SHIB's token holdings have seen a surge during this period, while sentiments towards the cryptocurrency and the SHIB network have generally been positive.
The blockchain security firm explained that the Skynet Social Analysis (the social sentiment index) for SHIB was 79%. A score that indicates overall positive sentiment towards the asset. Certik added that SHIB's score is among the best given the current circumstances pervading the cryptocurrency space.
The blockchain security firm added that it has observed a surge in SHIB token holders, even as the digital asset's price is declining like other digital assets. According to Certik, SHIB token holders now number 1,27 million, indicating a 0,25% increase over the past 24 hours.
A thorough analysis of the increase indicates a steady increase in SHIB token holders over the past two days. This indicates that many Investors are willing to buy or raise their SHIB tokens regardless of the current cryptocurrency market conditions. The 1,27 million SHIB token holders are among the highest in the last 60 days.
Meanwhile, SHIB's promising metrics may have been triggered by recent positive developments affecting the network. The latest development in the SHIB metaverse project is the launch of the second concept of the Tech Trench Hub.
