Shiba Inu Gaining Acceptance By Dealers After Massive Price Increase
Shiba Inu, one of the biggest meme cryptocurrencies, is becoming increasingly popular with small traders.
Candoli Propiedades, an Argentinian real estate agency in Santa Clara del Mar, a city located on the Atlantic coast of Buenos Aires, announced that he now accepts the token inspired by the Japanese dog breed as payment.
Its clients can now grow their SHIB assets by buying or renting properties.
On the same day, El Corte Mágico, a Spanish store that sells fresh fruits and vegetables, also threw its support behind rival Dogecoin.
The uptick in trader acceptance comes after the Shiba Inu cryptocurrency saw another massive rally earlier this month.
SHIB is also listed on a host of exchanges and trading platforms, with Robinhood’s rival Public.com becoming the latest company to back counterfeit Dogecoin.
Still, Shiba Inu has yet to gain traction with big companies like Newegg.
Dogecoin, the top canine coin, has made significant progress in terms of adoption this year, with major brands adopting the cryptocurrency touted by Elon Musk. As U.Today reported, AMC CEO Adam Aron recently announced that the world’s largest theater chain will add DOGE support in Q1 2022.