Meme coin Shiba Inu[1] is determined to prove its dominance in the space and it has done so successfully, so far anyway. From being accepted as a method of payment by prominent companies such as AMC Theaters[2], to being the first meme coin to get a listing in South Korea[3], the altcoin has had a good run.
Its community has grown tremendously in the past few months and support has not faltered. Even Shiba Inu pups (i.e. other lesser-known, dog-themed coins ) have surged in market value.
Shiba Inu has a new friend
Electronics retailer Newegg[4] just recently tweeted about its much-anticipated collaboration with Shiba Inu. As per the announcement, it will accept Shiba Inu, the second-biggest canine cryptocurrency in the market. The tweet below sheds light on the news.
Both parties and their executives acknowledged the partnership in a tweet. The timing of this news is certainly an interesting one.
It all started with just rumors where the SHIB’s community was bewildered by the #friendshib hashtag[5] posted by the official Twitter account of the meme cryptocurrency. Rumors about Newegg adding Shiba Inu to its list of available cryptocurrency payment options started[6] doing the rounds last week.
Indeed, this turned out to be a reality. Newegg, the leading tech-focused e-retailer in North America has become quite a name within the crypto community. At present, Newegg supports around 11 cryptocurrencies[7]. Earlier, it even lent support[8] to the daddy canine coin, DOGE[9].
Well, this news could be the catalyst required for SHIB to recover from its losses. Surprisingly, this certainly was the case. Despite trading in the red zone over the week, at press time, it
